Government to award Ayala-MPIC consortium the LRT1 Cavite project

Transport and Related Services

The Department of Transportation and Communications (DOTC) is likely to contract award the P64.9 billion LRT1 Cavite Extension Project to the Ayala-Metro Pacific consortium in 2 weeks.

According to the Transport Secretary Joseph Emilio Abaya - We are in the negotiation process as we are decreed under the BOT Law - that is a essential for a sole bidder. If we can raise the P9.35 billion premium, then why not.

A tandem between Ayala Corp and Metro Pacific Investments Corp (MPIC), Light Rail Manila Consortium was the sole bidder for the LRT1 Cavite project, one of the public-private partnership (PPP) ventures of the Aquino administration. President Benigno Aquino III sanctioned the project last week.Read complete story at http://www.tendersontime.com/blog-detail/governmentward-ayala-mpic-consortium-lrt1-cavite-projectnbsp-80.php