Prequalification documents for the Integrated Transport System (ITS)-South Terminal deal will be available beginning Aug. 6. An auction date has yet to be set.
Bidding for the 35-year contract is open to all interested investors, whether local or foreign, subject to eligibility conditions under the Build-Operate-Transfer law. Foreign companies, however, are barred from the operations component given the constitution’s owership restrictions.
At least one firm among those that have participated in previous PPP auctions has expressed interest. DMCI Holdings, Inc. President and CEO Isidro A. Consunji said, “We intend to bid with Metro Pac[ific] Investments Corp. and SM Prime [Holdings, Inc.].”
Meanwhile, AC Infrastructure Holdings, Corp. President John Eric T. Francia said, “We will look into the project first and decide later.” MTD Philippines, Inc. President Isaac S. David said, “Considering that the site is on Ayala’s turf, Food Terminal, Inc. (FTI)... I think it is designed for them to undertake.”
The ITS-South project, which will be located near FTI -- won by Ayala Land, Inc. in a 2102 privatization auction, involves the construction of central facility that will connect passengers from Laguna and Batangas to other urban transport systems, such as the future North-South Commuter Rail, buses, taxis and other public utility vehicles that serve inner Metro Manila. -- C. J. V. Dela Paz
source: Businessworld
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