The biggest Public-Private Partnership (PPP) project to date has attracted four interested bidders. The groups submitted their prequalification documents for Laguna Lakeshore Expressway Dike (LLED) Project last February 27.
The four groups that submitted prequalification (PQ) documents for PhP 122.8 Billion (USD 2.72 B) LLED Project are the following:
1. Trident Infrastructure and Development Corporation (TIDC) or “Team Trident” (Aboitiz Equity Ventures Incorporated (AEV), Ayala Land Incorporated (ALI), Megaworld Corporation, and SM Prime Holdings, Incorporated)
2. Rainbow Consortium
3. San Miguel Holdings Corporation
4. Alloy-PAVI Hanshin LLED Consortium (Malaysia’s MTD Group, Prime Asset Venture Incorporated of the Villar Group, Korean Hanshin Construction Corporation and Korea Rural Corporation)
The project will construct a high standard highway with a dike that will ease traffic flow and mitigate flooding in the western coastal communities along the Laguna Lake. The highway will run from Taguig in Metro Manila through the towns of Calamba to the Los Banos-Bay boundary in Laguna.
The private partner will finance, design, construct, operate, and maintain the 47-kilometer flood control dike with a six (6) lane expressway toll road on top. It will also include the construction of interchanges, bridges, floodgates, and pumps, from Taguig to Los Banos. The private proponent will also undertake the reclamation of 700 hectares located west of and abutting the expressway-dike and separated from the shoreline by a 100-150-meter channel, in Taguig and Muntinlupa.
The pre-qualification documents submitted by the four groups shall be subject to the further evaluation of the Department of Public Works and Highways Prequalification Bids and Awards Committee. Then the agency shall determine those that qualified to submit actual technical and financial proposals.
The winning proponent for the LLED project will sign a concession agreement with a cooperation period of 37 years which includes the seven-year construction time.
