MPIC-Ayala group bid for LRT 1 Extension project, endorsed by DOTC committee

By , on July 22, 2014

LRT 1 (Wikipedia photo)
LRT 1 (Wikipedia photo)

MANILA – Michael Arthur Sagcal, spokesperson of the Department of Transportation and Communications (DOTC) said that the agency’s Bids and Awards Committee (BAC) has recommended the awarding of the P65-billion Light Rail Transit line 1 (LRT1) Cavite Extension project to sole bidder Light Rail Manila Consortium.

“The BAC met and resolved to recommend the award of the project to the Light Rail Manila Consortium,” Sagcal said of the meeting the DOTC’s agency had yesterday.

The principal member of the group is MPIC Light Rail Corp. with 55 percent stake; while other members include Ayala’s AC Infrastructure Holdings Corp. and Macquaire Infrastructure Holdings (Philippines) Pte. Ltd., with 35 percent and 10 percent shares respectively.

The group bid P9.35 billion to take on the project.

LRTA administrator Honorio Chaneco said that the LRTA Board, under the leadership of Transportation Secretary Joseph Emilio Abaya, would meet tomorrow to approve the bid of the Light Rail Manila Consortium, as recommended by the DOTC’s BAC.

The Cavite Extension project is projected to increase the services of Line 1 to include almost four million residents of Parañaque, Las Piñas, and the Province of Cavite, by lengthening the span of Line 1 from 20.7 kilometers to 32.4 kilometers with a new south endpoint in Niog, Bacoor, Cavite.