InterAksyon.com means BUSINESS
MANILA - The Department of Transportation and Communications has extended by a month the deadline for submission of qualification documents for the P60 billion Light Rail Transit Line 1 Cavite Extension Project auction.
"In response to the request of several prospective bidders for more time to prepare the qualification documents and in light of the recent revisions to the instructions to prospective bidders, the qualification documents submission date is extended to September 28, 2012," the DOTC said in a special bid bulletin.
The original deadline fell on August 22 this year.
Companies that purchased pre-qualification documents include San Miguel Infra, Macquarie Group, Mitsubishi Corp., Hanjin Heavy Industries & Construction Co. Ltd., Sumitomo Corp., Leighton Contractors, Makati Development Corp., SyCip Salazar Hernandez & Gatmaitan, FSG Capital Inc., EFC Enterprises, D.M. Consunji Inc. and FF Cruz & Co. Inc.
Other firms interested to join the bidding include BPI Capital Corp., ING Bank, Jorgman Planning & Development Corp., RATP Development, Benchtel Overseas Corp., SERCO Group, Comm Builders & Technical Philippines Corp., Lenvoisa Construction Inc., APT Global Inc., Tranzen Group, Cathay Energy Service Corp., Marubeni Corp. and SYSTRA Group.
Costing P30 billion, the southbound extension of LRT 1 will increase the train's span from 20.7 kilometers to 32.4 kilometers, with approximately 10.5 kilometers of the extension elevated and 1.2 kilometers at grade. The remaining P30 billion will be used to acquire up to 39 new light rail vehicles to avoid the need for raising fares.
DOTC said more than 500,000 commuters use LRT 1 everyday. At present, the existing line runs from Baclaran in Pasay City to Roosevelt in Quezon City. The southern part of Metro Manila and neighboring Cavite province is home to nearly four million people.
The DOTC tapped International Finance Corp. and state-owned Development Bank of the Philippines as transaction advisors. The project has five components:
- Operation and maintenance of the existing system, which includes operation and maintenance of depot, electrical and mechanical system, rolling stock, station, track, and other related assets;
- Design, procurement, engineering, construction, installation, completion, testing, and commissioning of the Cavite extension facilities;
- Integration of the existing system and the Cavite Extension System, including train control and signaling, communications, and traction power supply;
- Operation and maintenance of the integrated system; and
- System enhancement works covering whole-of-life investments.
InterAksyon.com means BUSINESS
'The Philippines has arrived', executive says as Rolls Royce appoints distributor in Manila
Who has accounts in offshore tax havens? Investigative journos post database online
