Chinese infra firms in the mix for Clark upgrade

Font Size

The government is using the modernization and expansion of Clark International Airport as a model for the “hybrid” financing scheme. -- BW FILE PHOTO

SEVEN GROUPS, including three major Chinese infrastructure companies, have submitted bids for the Clark International Airport (CIA) Phase I terminal upgrade project, the Bases Conversion and Development Authority (BCDA) said.

The BCDA and the Department of Transportation (DoTr) said yesterday in a statement that bid documents for the P12.55-billion project were received from China State Construction Engineering Corporation Ltd. (CSCEC).; China Harbour Engineering Company Ltd. (CHEC); Sinohydro Corp. Ltd.; the joint venture of Megawide Construction Corp. and GMR Infrastructure (Singapore) Pte. Ltd.; DDT Konstract, Inc.; R-II Builders, Inc.; and Tokwing Construction Corp.

Among the companies that bought bid documents but did not submit bids are the joint venture of First Balfour, Inc., and Datem, Inc.; Qingjian Group Co. Ltd.; and Atlantic Gulf & Pacific of Manila, Inc.

BCDA Vice-President for Business Development and Operations and SBAC Chairperson Joshua M. Bingcang said that the bid submissions are subject to qualification.

“We will evaluate the documents and see if the companies meet the prescribed requirements,” Mr. Bingcang said in a phone interview.

The technical proposals of eligible firms will be opened on Dec. 7. Qualified bidders will then move on to the next phase, which is the opening and evaluation of the financial documents scheduled for Dec. 14.

The BCDA will award the Engineering, Procurement and Construction contract on Dec. 15, and groundbreaking is scheduled on Dec. 20. The new terminal is expected to be operational by the first quarter of 2020.

Among the technical and financial qualification requirements are the completion of a total of P15 billion worth of related projects; the design of an airport currently in operation; net worth of at least the cost of the project; and the capacity to raise loans, with the winning bidder putting up 20% equity.

The BCDA and the DoTr are also set to review the P839-billion unsolicited proposal of the Filinvest Development Corp. (FDC) and JG Summit Holdings, Inc. (JGS) consortium for the long-term development of CIA. The proposal includes expansion of airport facilities such as terminals and runways, alongside operating and maintaining the existing and new passenger terminals. — Patrizia Paola C. Marcelo