The Filipino government is giving companies interested in its proposed PHP60 billion (€1.13 billion; $1.4 billion) Manila Light Rail Transit (LRT) extension project more time to prepare their bids, extending the bidding deadline by a month.
The Department of Transportation and Communications (DOTC) has moved the deadline for the submission of qualification documents to September 28, instead of the original schedule of August 22.
The companies that have expressed interest in the project include San Miguel Infrastructure, Macquarie Group, Mitsubishi Corporation, DMCI, Hanjin, Sumitomo, Leighton, the Metro Pacific Group, FSG Capital, EFC Enterprises, FF Cruz, Marubeni Corporation, BPI Capital, ING Bank and Jorgman Planning.
“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,” the DOTC said in a special bid bulletin.
The light rail project involves an 11.7-kilometre extension of the Manila LRT Line 1, its operations, and maintenance. Approximately 10.5 kilometres of the project will be elevated and 1.2 km will be on ground.
This is one of two Philippines PPP projects currently at the bidding stage. The other is a $377.6 million expressway project linking Ninoy Aquino International Airport with PAGCOR Entertainment City, which is due to receive pre-qualifications on September 18.
Sixteen PPP projects have been proposed as part of the Aquino government’s Philippine Investment Plan 2011-2016. They are expected to boost economic activity by 5.5 percent of gross domestic product on average every year, if fully implemented.