PRESS RELEASE

Laguna Lake Expressway Dike Project (LLEDP) Pre-qualification Conference 02 December 2014
ALL EARS. Interested bidders who bought Prequalification (PQ) documents on the Laguna Lake Expressway Dike listen to the house rules being set during the PQ Conference held by the Department of Public Works and Highways. Clarifications on the technical, financial and legal aspects of the LLED project were tackled.

Investor interest continue to remain strong on PPP projects such as the upcoming Laguna Lakeshore Expressway Dike (LLED) which recently went to the auction block and the rebid of the Cavite-Laguna Expressway Project, both PPP projects of the Department of Public Works and Highways.

Twenty-four (24) companies who have bought Pre-Qualification (PQ) documents have signaled its intent to participate in the public auction of the LLED. During the PQ Conference for the LLED project, prospective bidders, were invited to seek clarification regarding their concerns about the project. The LLED’s transaction advisors as well as the members of the DPWH’s Project Bids and Awards Committee fielded queries from the prospective bidders to clarify and explain the technical, financial and legal points of the project.

The PQ conference is part of the PPP bidding process that helps ensure that all parties have the same information and are on the same playing field.

Prospective bidders for the 122.8-billion peso LLED project include:

  1. Rainbow Holdings Inc. Consortium
  2. Muhibbah Engineering (Phil.) Corporation
  3. GT Capital Holdings, Incorporated
  4. Ayala Land, Inc.
  5. Egis Projects S.A. Tam-Yap and Law Offices
  6. Megaworld Corporation
  7. Metro Pacific Tollways Corp.
  8. Minerales Industrias Corporation
  9. Leighton Contractors (Philippines) Inc.
  10. JV Power and Wealth Corporation
  11. LT Group, Inc.
  12. Laguna Lakeshore Consortium
  13. Filinvest Land, Inc.
  14. Macquarie Capital Securities (Phil.) Inc.
  15. San Miguel Corporation
  16. Megawide Construction Corporation
  17. Aboitiz Equity Ventures, Inc.
  18. JG Summit Holdings Inc.
  19. PT Star Line
  20. State Properties Corporation
  21. MTD-Hanshin-VistaLand Consortium
  22. IL & FS Transportation Networks Ltd.
  23. Vinci Concessions
  24. Mega Express Road and Development

The LLED, the first of its kind in the Philippines, is both a high standard highway and a dike that will mitigate problems on traffic and flooding, particularly along the western coastal communities of the Laguna Lake. The 47-kilometer flood control dike and 6-lane expressway will run from Taguig in Metro Manila through the towns of Calamba to Los Banos in Laguna.

At the same Conference, Public Works and Highways Secretary Rogelio Singson formally announced that the Cavite-Laguna Expressway (CALAX) project is again up for bid. According to Singson, this time around, the CALAX will undergo a shorter one stage process where both technical and financial bids will be open. Minimum bid was set at 20.1 Billion pesos. Bid submission for the CALAX is slated for May 2015. Currently, the DPWH is waiting for the final and executory decision from the Office of the President on the President’s directive to rebid CALAX. This will signal the start of the rebid process.