Lopez firm bags SCTEx toll operation
With only about four months to go before the Subic-Clark-Tarlac Expressway (SCTEx) is opened to traffic, the state-owned Bases Conversion and Development Authority (BCDA) has chosen a winning bidder to operate and maintain the toll road for at least six months.
The BCDA, in a statement, said it has already served on November 7 a Notice of Award for the interim service provider for the operations and maintenance (O&M) of the SCTEx.
The winning bidder-a joint venture of First Philippine Holdings Corporation (First Holdings), Egis Road Operation and Tollways Management Corporation (TMC).
First Holdings is a holding company under the Lopez Group of Companies with core investments in power and tollways, and strategic initiatives in property and manufacturing. Its new tollways subsidiary, Manila North Tollways Corporation, modernized and operates the longest toll road in the country with a 433 lane-kilometers capacity.
TMC, on the other hand, is primarily engaged in carrying on the operations and maintenance of toll roads, its facilities, interchanges and all related works. It operates and maintains the North Luzon Expressway.
TMC, under the umbrella of the Lopez Group of Companies, has formed strategic alliances with the world's largest toll road operator, Transroute International SA, part of the Group, Egis with operations in France, Athens, Australia and in other parts of the world.
The interim service provider will operate SCTEx for a period of six months to one year starting early 2008. The new toll highway is expected to be fully operational by March next year.
A third bidding for the long-term O&M provider will be scheduled next year, BCDA said.
Twelve companies vied for the O&M of the P21-billion SCTEx, among them Mideast Alliance Resources Corp. (Marc), SNC Lavalin International, Ausphil Tollways Corp. (ATC), Pacific Concrete Products Inc. (PCPI), UEM-MARA Philippines Corp., R.D. Policarpio Co. Inc., Metro Pacific Investments Corp. (MPIC), Ayala Property Management Corp. (AMC), STAR Infrastructure Development Corp., J.V. Angeles Construction Corp., and Pietras Builders Inc. (PBI)
The O&M contract would cover toll collection, traffic management, roadway maintenance, general administration, and greening and landscaping.
The BCDA bankrolled the construction of the SCTEx through a P21-billion loan from the Japanese government through the Japan Bank for International Cooperation (JBIC). The BCDA also secured a standby P2.5-billion credit line facility from local banks to ensure that construction of the 93.77-km toll road will be finished on time.
The BCDA, in a statement, said it has already served on November 7 a Notice of Award for the interim service provider for the operations and maintenance (O&M) of the SCTEx.
The winning bidder-a joint venture of First Philippine Holdings Corporation (First Holdings), Egis Road Operation and Tollways Management Corporation (TMC).
First Holdings is a holding company under the Lopez Group of Companies with core investments in power and tollways, and strategic initiatives in property and manufacturing. Its new tollways subsidiary, Manila North Tollways Corporation, modernized and operates the longest toll road in the country with a 433 lane-kilometers capacity.
TMC, on the other hand, is primarily engaged in carrying on the operations and maintenance of toll roads, its facilities, interchanges and all related works. It operates and maintains the North Luzon Expressway.
TMC, under the umbrella of the Lopez Group of Companies, has formed strategic alliances with the world's largest toll road operator, Transroute International SA, part of the Group, Egis with operations in France, Athens, Australia and in other parts of the world.
The interim service provider will operate SCTEx for a period of six months to one year starting early 2008. The new toll highway is expected to be fully operational by March next year.
A third bidding for the long-term O&M provider will be scheduled next year, BCDA said.
Twelve companies vied for the O&M of the P21-billion SCTEx, among them Mideast Alliance Resources Corp. (Marc), SNC Lavalin International, Ausphil Tollways Corp. (ATC), Pacific Concrete Products Inc. (PCPI), UEM-MARA Philippines Corp., R.D. Policarpio Co. Inc., Metro Pacific Investments Corp. (MPIC), Ayala Property Management Corp. (AMC), STAR Infrastructure Development Corp., J.V. Angeles Construction Corp., and Pietras Builders Inc. (PBI)
The O&M contract would cover toll collection, traffic management, roadway maintenance, general administration, and greening and landscaping.
The BCDA bankrolled the construction of the SCTEx through a P21-billion loan from the Japanese government through the Japan Bank for International Cooperation (JBIC). The BCDA also secured a standby P2.5-billion credit line facility from local banks to ensure that construction of the 93.77-km toll road will be finished on time.
By Albert B. Lacanlale - SunStar
posted by OlongapoCity Zambales at
7:56 AM
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