12 firms eye 10-yr Subic-Clark tollway contract
TWELVE companies have submitted letters of intent to bid for a 10-year contract to operate and maintain the P21-billion Subic-Clark-Tarlac expressway, the Bases Conversion Development Authority (BCDA) said.
On the list are the Ayala group's Ayala Property Management Corp., the Lopez group's First Philippine Holdings Corp., Metro Pacific Investments Corp., Mideast Alliance Resources Corp., SNC Lavalin International, Ausphil Tollways Corp., Pacific Concrete Products, UEM-Mara Philippines Corp., R.D. Policarpio Co., STAR Infrastructure Development Corp., J.V. Angeles Construction Corp., and Pietras Builders Inc., BCDA president and chief executive Narciso Abaya said.
The bids have to be submitted this Thursday. The contract will be awarded on March 21, the BCDA said.
Intended for completion by yearend, the 93.77-kilometer toll way is a flagship project envisioned to transform the central and northern Luzon regions into a “super region” of economic growth.
It will cut travel time between the Subic Bay Freeport Zone northwest of Manila and the Clark Special Economic Zone north of Manila to 30 minutes, and between Clark and the Hacienda Luisita industrial estate in northern Tarlac province to 20 minutes. At present, travel between these points takes as long as two hours
Abaya said the contract would cover toll collection and traffic management, roadway maintenance, general administration, and greening and landscaping.
The BCDA has set a ceiling of 12.2 percent on for the bidders’ proposed share in toll collections, said Barbara Andal, BCDA business development manager.
“If the winning bidder's offer is five percent, it will receive five percent of the toll collected yearly for the entire 10-year contract period,” she said.
The remainder of the revenue will be used for servicing the loan used to build the toll way, she said.
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On the list are the Ayala group's Ayala Property Management Corp., the Lopez group's First Philippine Holdings Corp., Metro Pacific Investments Corp., Mideast Alliance Resources Corp., SNC Lavalin International, Ausphil Tollways Corp., Pacific Concrete Products, UEM-Mara Philippines Corp., R.D. Policarpio Co., STAR Infrastructure Development Corp., J.V. Angeles Construction Corp., and Pietras Builders Inc., BCDA president and chief executive Narciso Abaya said.
The bids have to be submitted this Thursday. The contract will be awarded on March 21, the BCDA said.
Intended for completion by yearend, the 93.77-kilometer toll way is a flagship project envisioned to transform the central and northern Luzon regions into a “super region” of economic growth.
It will cut travel time between the Subic Bay Freeport Zone northwest of Manila and the Clark Special Economic Zone north of Manila to 30 minutes, and between Clark and the Hacienda Luisita industrial estate in northern Tarlac province to 20 minutes. At present, travel between these points takes as long as two hours
Abaya said the contract would cover toll collection and traffic management, roadway maintenance, general administration, and greening and landscaping.
The BCDA has set a ceiling of 12.2 percent on for the bidders’ proposed share in toll collections, said Barbara Andal, BCDA business development manager.
“If the winning bidder's offer is five percent, it will receive five percent of the toll collected yearly for the entire 10-year contract period,” she said.
The remainder of the revenue will be used for servicing the loan used to build the toll way, she said.
INQUIRER
posted by OlongapoCity Zambales at
1:25 PM
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