Local, foreign corporations expected to compete for LRT-2 contract

By , on January 27, 2015

LRT Train (Invest Philippines)
LRT Train (Invest Philippines)

MANILA, Philippines– A spokesperson for the Department of Transportation and Communications (DOTC) said that local and foreign corporations will be submitting the necessary requirements to indicate their interest in the Light Rail Transit Line 2 long-term operations and maintenance contract.

Speaking for the DOTC, Michael Sagcal said that the submission and opening of qualification documents for the LRT-2 contract will commence today, January 27.

The LRT-2, the newest and smallest of the country’s three elevated transit systems, is the government’s second railway project on public-private partnership (PPP).

The deadline for submission of qualification documents – a necessary process in order to pinpoint the groups which are fit to proceed with technical and financial offers – was extended, so as to give bidders more time to prepare the necessary documentation.

Sagcal said that among the Philippine companies expected to bid for the 10-year operations and maintenance contract are San Miguel Corp., GT Capital Holdings Inc., D.M Cosunji Inc., Aboitiz Equity Ventures Inc. and Light Rail Manila Consortium.

On the other hand, foreign companies include RATP Group (France), Globalvia (Spain) and Marubeni Corp. (Japan).