Philippines’ Ayala Land, Filinvest vie for $88 million transport terminal project
By: Reuters | Aug 03 2015 at 04:19 PM | Intermodal | Ports & Terminals
Philippine property firms Ayala Land Inc and Filinvest Land Inc have submitted bids for a contract to build and operate a 4 billion peso ($87.55 million) transport terminal, a government official said.
The bids for the terminal that will provide a link between the capital and southern provinces, will be opened and awarded next month, Christine Antonio, director at the Public-Private Partnership (PPP) Centre, told reporters on Friday.
The other two pre-qualified bidders, Megawide Construction Corp and Datem Inc, withdrew from bidding due to concerns over the project's commercial viability.
The Integrated Transport System-South Terminal Project, spread over 4.7 hectares, will connect passengers from industrial hubs in the provinces of Laguna and Batangas to other transport systems serving the capital, including the planned $3.8 billion North-South Railway project.
The terminal is part of the government's PPP program to upgrade aging roads, railways, ports and airports. The government has so far awarded 10 projects worth $4.2 billion since launching the program in 2010.