Source: GMA News, 10 April 2012
The Philippines will invite investors to bid for the Light Railway Transit Line 1 (LRT-I) extension project under the public-private partnership program starting this month.
The bidding will likely start at the end of April, Transportation and Communications Secretary Manuel Roxas II told reporters at the sidelines of Qatar Emir Sheikh Hamad Bin Khalifa Al-Thani in Malacañang on Tuesday.
Transportation and Communications Secretary Manuel Roxas II on Tuesday said bidders would be invited at the end of the month.
“Tinatapos lang ‘yung terms of reference for Line One,” noted Roxas.
“Quite a lot” have expressed their interest, Roxas said, to bid for the P61.53-billion PPP project.
The private sector is expected to finance P30.93 billion of the LRT-I extension project, with government pitching in P30.59 billion.
The bidding for the LRT Line 2 extension from the Santolan Station that skirts Pasig-Marikina border to Masinag in Antipolo, is expected to start before the middle of the year, Roxas said, noting the National Economic and Development Authority (NEDA) is still studying P3-billion project.
The NEDA board, chaired by President Benigno Aquino III, agreed last month to bid out the LRT Line 1 South Extension project.
The project involves constructing eight additional stations to the 15-kilometer train line that runs from Roosevelt Avenue in Quezon City to Baclaran at the border of Pasay City and Parañaque City.
Roxas said the construction is scheduled to start at the end of 2012, and that he expects 50 percent of the extension line to Bacoor Cavite, to be operational at the end of 2014.
