14 August 2013
Before a jam-packed crowd of interested investors, the Department of Public Works and Highways presented the Cavite-Laguna Expressway (CALAx) project worth 35 billion pesos, the largest and highest project cost among its line-up of PPP projects.
Among those who expressed interest in the project include San Miguel Corporation, Korea Expressway, Corporation, Alloy MTD Philippines Inc., Macquarie Infrastructure Holdings (Philippines) Pte. Limited, Megawide Engineering Excellence, Leighton Contractors (Philippines), Inc., Makati Development Corporation , AC Infrastructure Holdings, EGIS Projects Developer of Infrastructure & Service, Metro Pacific Tollways Development Corporation, Aboitizland, Inc., Tokwing Construction Corporation/STX Enterprises (J.V.), E.F.C. Enterprises, M/s IL&FS Transortation Networks Limited (ITNL), L & T Infrastructure Development Projects Limited.
DPWH Secretary Rogelio Singson encouraged prospective bidders to air their concerns and issues during the market sounding activity held yesterday. “Please tell us what your issues and concerns are. This information will be used by the DPWH to make the project even more attractive to your institutions.” Singson said.
“What we want is to take out all the moving parts so that in the end there is only one moving part to consider: the price. We really want to hear you out,” he added.
Interested bidders and lenders both requested that DPWH come up early with the project details on the concession agreement to allow them enough time to undertake their due diligence in coming up with their own studies given the very tight deadlines set by the DPWH.
According to the project timelines, the pre-qualification conference is slated for August 16. Interested bidders have until September 23 to submit their pre-qualification documents to DWPH.
The Cavite-Laguna Expressway (CALAX) project includes the Financing, Design and Construction, Operation and Maintenance of the entire 4-lane, 47 km closed-system tolled expressway connecting CAVITEX and SLEX. The Project will start from the CAVITEX in Kawit, Cavite and end at the SLEX-Mamplasan Interchange in Biñan, Laguna. The Project will have 9 interchanges in Kawit, Daang Hari, Governor’s Drive, Aguinaldo Highway, Silang, Sta. Rosa-Tagaytay, Laguna Blvd., Technopark, and a Toll Barrier before SLEX.
It will be undertaken as a Build Transfer and Operate (BTO) mode with a concession period of 35 years including the project’s design and construction.