MANILA, Philippines — The government said Thursday conglomerate Ayala Corp. won the auction for a contract to develop a toll road project linking the capital to southern provinces with a bid of P902 million, more than double the floor price.
Ayala Corp's bid came in ahead of South Expressway Link, a consortium led by San Miguel Corp, which bid P608 million said Public Works and Highways Secretary Rogelio Singson.
Only the two groups passed pre-qualification for the auction, and the minimum price was set at P371 million.
''We declared Ayala as the winning bidder,'' Singson told Reuters on phone. ''We are preparing all the documents so we can start work as soon as possible.''
The project – the first toll road venture by the Ayala group – involves financing, design, construction, operation and maintenance of the Daang Hari-SLEX toll road that will link the southern Cavite province to the South Luzon Expressway, one of two major gateways to the capital.
It is the first of $1-billion priority infrastructure deals the government wants to offer to investors under a public-private partnership (PPP) program, the centerpiece of development goals of President Benigno Aquino's administration.
Singson said his agency was also preparing the auction of two other PPP projects in the first quarter of 2012, including the second phase of the NAIA expressway linking two highways to the three terminals of Manila's main international airport at an estimated cost of P10.6 billion.
The second auction involves inviting investors to challenge an unsolicited bid worth P21 billion from the Metro Pacific Investments Corp. for the construction of an elevated road link that will connect the two existing main expressways linking Manila to nearby provinces to the north and south.
The Daang Hari-SLEX Link Road Project involves the construction of a new 4-kilometer 4-lane toll road, from the junction of Daang Reyna and Daang Hari in Las Piñas/Bacoor, Cavite to SLEX through the vicinity of Susana Heights Interchange in Muntinlupa, as exit and entry from the northbound and southbound lanes of SLEX, traversing the New Bilibid Prison (NBP) Reservation.
The project will complement the Cavite-Laguna-East-West Highway and will provide additional access for the increasing traffic between the cities of Las Piñas and Muntinlupa and the province of Cavite, which is one of the most rapidly growing areas around Metro Manila," added Singson.
The project is a strategic component of the Metro Manila Urban Expressway Network Master Plan intended to provide a high-standard highway within a 200-kilometer radius of Metro Manila.