Four groups have submitted qualification documents for the P123.8-billion Laguna Lakeshore Expressway and Dike Project (LLEDP), the Aquino administration’s biggest public-private partnership development.
The prospective bidders are San Miguel Holdings Corp, Alloy-PAVI-Hanshin LLEDP Consortium of Malaysia, Korea’s Rainbow Holdings Corporation, and Team Trident, which is composed of four conglomerates—Aboitiz Equity Ventures, Inc., Ayala Land, Inc., Megaworld Corporation, and SM Prime Holdings, Inc.
About 24 companies earlier signified interest, including Metro Pacific Tollways Corporation, JG Summit Holdings, Inc., Laguna Lakeshore Consortium, and LT Group.
Department of Public Works and Highways (DPWH) Undersecretary Rafael Yabut said the agency was happy with the submissions sent on February 27 and would evaluate the technical aspects of the documents for seven days. Financial proposals will be opened on July 6 and awarding of the contract is targeted for August.
The LLEDP, which will have a distance of 500 meters away from the shoreline of Laguna Lake but running parallel to it, has two components.
One is the 47-kilometer expressway-dike from Taguig to Los Baños which will have two sections (Bicutan-Calamba and Calamba-Los Baños), a six-lane tollway with eight interchanges and access roads, a dike designed for 100-year flooding, and 16 floodgates/pumping stations designed for 60-year flooding.
The second component is the reclamation of 700 hectares of land in Taguig and Muntinlupa.
The project is envisioned to provide a highway-dike of high standards that will facilitate traffic flow and mitigate flooding in the western coastal communities along Laguna Lake, from Bicutan and Taguig in Metro Manila through to Calamba to Los Baños in Laguna.
It has a concession period of 37 years — seven years for design and construction and 30 years for operation and maintenance.
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
