SMC wins bid for the NAIA Expressway Project 2
April 15, 2013 10:34 pm
MANILA, April 15 - San Miguel Corporation (SMC) today (Monday, March 15) won the bidding for the proposed 10-kilometer Ninoy Aquino International Airport (NAIA) Expressway Project.
SMC wholly-owned unit Optimal Infrastructure Development Corporation submitted the winning bid of P11 billion, beating Metro Pacific Investments Corporation's (MPIC) Manila North Tollways Luzon Corporation's (MNTC) bid.
Two other biddersthe Ayala Corporation-led consortium ACI and IL&FS Transportation Networks Ltd.did not submit their bids on April 8.
The four-lane, 7.75-kilometer elevated expressway and 2.22 km at-grade feeder road project is expected to ease traffic going to the airport.
The expressway is a public-private partnership (PPP) project link the NAIA Terminals 1, 2 and 3 to PAGCOR Entertainment City, the integrated casino, hotel, retail and entertainment area going up on reclaimed land along Manila Bay.
It will also link the South Luzon Expressway's (SLEX) Skyway and the Manila-Cavite Toll Expressway (Cavitex).
"We would like to congratulate Optimal Infrastructure for submitting a very good bid for the government, DPWH Secretary Rogelio Singson said.
Because of the OIDC, the government will not spend a single centavo for this project," Singson stressed.
Singson also admitted that they were surprised by the winning bidders P11 billion cash bid since, he said, "they have been asking for subsidy for the project".
The government expects to receive an upfront cash payment of P11 billion from SMC to be handed to the Nationmal Treasury.
The government has so far rolled out two PPP projects:
– the 4-kilometer road that will link Daang Hari road in Cavite to the South Luzon Expressway, won by Ayala Corporation for P902 million in 2011, and
– the P16.42-billion Phase 1 of the PPP1 for School Infrastructure project, undertaken by Citicore Holdings Investment Inc.-Megawide Construction Corp. Inc. and BF Corp.-Riverbanks Development Corp. consortium. (PNA)