Economy


Bids sought for P2.4-billion LRT-2 extension component




Posted on October 01, 2014


THE GOVERNMENT yesterday rolled out another railway project, inviting parties to bid for the P2.4-billion contract to construct the elevated guideways for the Light Rail Transit Line 2 (LRT-2) East (Masinag, Antipolo) Extension project.

An invitation to pre-qualify to bid for the LRT-2 East Extension Project Package 1 -- Construction of Viaduct published in newspapers yesterday showed that the contract involves the construction of an elevated guideway for the extension of the existing LRT-2 system by 3.934 kilometers (km) eastward from the existing Santolan station along Marcos Highway, Pasig City to Masinag, Cainta.

Completion of works, according to the invitation to bid, is required within 540 calendar days from the contract’s award.

The Department of Transportation and Communications (DoTC) said it “intends to apply P2.39 billion for the construction of 3.934-km elevated guideway, inclusive of duties, taxes, and other charges,” with funding to be sourced from its own appropriations under this year’s national budget.

Interested parties will have until Nov. 4 to buy bid documents for the project for a non-refundable fee of P75,000, while a pre-bid conference is scheduled on Oct. 7.

Bidding for the contract is restricted to Filipino citizens and firms with at least 75% interest or outstanding capital stock belonging to citizens of the Philippines.

Prospective bidders must have an experience of having completed at least one contract that is similar to the project, with the value of this accomplished undertaking -- adjusted to current prices -- reaching at least 50% of the LRT-2 East Extension -- Package 1 contract.

Interested parties should also have key personnel and equipment available for the execution of the contract, the published invitation to bid stated.

The contract will be bid out through an open competitive bidding procedure, using a non-discretionary pass or fail criteria as specified in the Revised Implementing Rules and Regulations of Republic Act No. 9184, otherwise known as the Government Procurement Reform Act.

Last Sept. 12, the DoTC also rolled out the LRT-2 operation and maintenance (O&M) deal, inviting parties to pre-qualify and bid for the contract. Interested groups for this have until Nov. 20 to submit their pre-qualification documents. Parties that fulfill the qualification requirements will be shortlisted as pre-qualified bidders entitled to submit bid proposals.

The winning bidder will take over the O&M of the existing 13.8-kilometer LRT-2 from C.M. Recto Ave. in Avenida, Manila to Santolan in Pasig City with 11 stations, as well as the proposed P9.7-billion extension project covering an additional 4.19 kilometers and two stations all the way to Masinag, Antipolo.

The winning concessionaire will also operate and maintain other future extension of the LRT-2 system.

As of Monday, the LRT-2 O&M deal has captured the interest of four groups, namely San Miguel Corp.; GT Capital Holdings, Inc.; Marubeni Philippines Corp.; and the group of Ayala Corp. and Metro Pacific Investments Corp. (MPIC).

MPIC is one of the three main Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philippine Long Distance Telephone Co. (PLDT) and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld. -- C.J.V. Dela Paz