Team Orion, the joint venture company of Ayala Corp. and Aboitiz Equity Ventures, has won the bidding for the P34.5-billion Cavite-Laguna Expressway (CALAX) project of the Department of Public Works and Highways.
Team Orion submitted the highest bid of P11.65 billion, beating the P11.33 billion offer of MPCALA Holdings, a unit of Metro Pacific Investments Corp, and the P922 million offer of Malaysian group MTD Capital Berhad.
Optimal Infrastructure Development Inc., a unit of San Miguel Corp., offered the highest bid at P20.105 billion but was disqualified. Public Works Secretary Rogelio Singson said Optimal’s bid security expiration date was short of the requirement.
SMC said it will look at all legal options to contest Optimal’s disqualification.
The CALAX project involves the financing, design, construction, operation and maintenance of a four-lane, 47-kilometer closed-system toll expressway connecting the Cavite Expressway and the Southern Luzon Expressway.
Image courtesy of Evgeni Dinev / FreeDigitalPhotos.net
