Philippines’ Public-Private Partnership (PPP) Centre has received three offers for the PHP24.4 billion (€478 million; $520 million) Bulacan Bulk Water project.
Interested parties comprise Team Polaris-Manila Water, SMC-K Water Consortium and Prime Alloy Water Consortium.
Team Polaris – Manila Water comprises Manila Water, M.E. Sicat Construction and the J.H. Patawaran Construction, while SMC – K Water Consortium includes San Miguel Holdings Corporation and Korea Water Resources Corporation. Prime Alloy Water Consortium comprises Prime Water Infrastructure Corporation, MTD Capital Bhd and Biwater International.
First Philippines Holdings Corporation and Abeima Consortium and the Filinvest Agua Consortium aborted their bids. The three technical bid submissions have been confirmed compliant with the checklist by the Metropolitan Waterworks and Sewerage System (MWSS), the project’s implementing agency.
The financial bids will be opened as soon as the technical bids are evaluated and the results are released, according to the PPP Centre.
In response to increasing water demand from Bulacan Province, the project is set to expand the current service area coverage by building related conveyance facilities, treatment facilities and water sources.
The wining concessionaire will undertake the financing, design, construction and maintenance of the facilities. The work includes building water sources, water treatment plants, water distribution pipelines and booster pump stations.
The project is structured under a Build-Operate-Transfer (BOT) model with a 32-year contract, inclusive of construction period.
The Bulacan Bulk Water project is one of two water projects by MWSS under a PPP mode. The agency is evaluating pre-qualification documents for the PHP18.72 billion New Centennial Water Souce-Kaliwa Dam Project it received last month.