CEBU, Philippines – The government has deferred anew the submission of bids for the P122.8-billion Laguna Lakeshore Expressway-Dike project under the public-private partnership (PPP) scheme to give interested firms more time to prepare their proposals.
The new bids submission date has been pushed back two more months or until March 14, 2016.
Public Works Secretary Rogelio Singson confirmed via text message yesterday the government postponed the previous deadline for the submission of proposals for the project.
Prior to the revised deadline, the bid submission date for the project was set on Jan. 7, 2016.
The deadline to submit bids for the project has been moved several times due to concerns raised by interested firms.
The project involves the development of a high standard highway with a dike that will ease traffic flow and mitigate flooding in the western coastal communities along the Laguna Lake.
The highway will cover Taguig in Metro Manila through the towns of Calamba to the Los Baños-Bay boundary in Laguna.
Under the project, the private partner will be responsible for financing, design, construction as well as operations and maintenance of the 47-kilometer flood control dike with a six-lane expressway toll road on top.
It will also construct interchanges, bridges, floodgates, and pumps, from Taguig to Los Baños.
The private proponent will likewise be in charge of the reclamation of the 700 hectares located west of and abutting the expressway-dike and separated from the shoreline by a 100-150-meter channel, in Taguig and Muntinlupa.
The groups that have been pre-qualified to bid for the project are Team Trident composed of Ayala Land, Megaworld Corp., Aboitiz Equity Ventures, and SM Prime Holdings; and San Miguel Corp. and Alloy Pavi Hanshin LLEDP consortium.