Business World, 12 march 2014
By Claire-Ann Marie C. Feliciano
The Private-Public Partnership (PPP) Center, in a statement on Tuesday, said Rebel Group International BV will act as transaction advisor for the project. ‚ÄúThe Rebel Group will undertake the feasibility study for BatMan 1 and provide PNOC transaction advisory support until the project‚Äôs financial close,‚ÄĚ the statement read. ‚ÄúThis will be funded through the Project Development and Monitoring Facility managed by… PPP Center.‚ÄĚ
The center said ceremonial contract signing was held Monday.
Zenaida Y. Monsada, director of the Energy department‚Äôs Oil Industry Management Bureau, said in June last year that the study will determine project cost and route of the pipeline, among others. The pipeline was initially estimated to cost as much as $2.1 billion.
It involves a 105-kilometer pipeline that will channel natural gas to markets along its route from Batangas, Laguna, Cavite, and eventually to Metro Manila.