Wazzup Pilipinas!
After obtaining the National Economic Development Authority (NEDA) Board’s approval to sweeten the terms of the country’s biggest Public-Private Partnership (PPP) project, the Department of Transportation and Communications (DOTC) is now targeting to schedule its bid submission deadline within the second quarter of 2014.
In order to foster more competitive bids for the Light Rail Transit (LRT) Line 1 Cavite Extension PPP Project (LRT-1 Cavex), the DOTC aims to give roughly four (4) to six (6) months’ time from the start of the bidding process to allow new players to come into the picture. The bidding process begins upon the publication of an invitation to bid, which the transport agency will do within December 2013.
“This timeline is meant to foster competitive bids. We believe that the improved terms will attract more players, who will need a reasonable period to study the project and prepare their proposals,” said DOTC spokesperson Michael Arthur Sagcal.