July 23, 2013

Gov’t starts bid process for P35B Cavite-Laguna Expressway

The government is moving forward with the Cavite-Laguna Expressway project, a P35.42-Btoll road meant to decongest traffic and further boost development in the areas covered, as it invited interested groups to participate in the pre-qualification process and, eventually, the bidding for the project.

Interested groups  are given up to Sept. 26 to submit their prequalification documents at the DPWH’s main office in Manila. The said documents will be available from July 26 to Sept. 20.

The DPWH decided to reformat the deal to “pure” PPP, which means the government’s share in the construction of the toll road was removed. The winning bidder will be responsible for the financing, design, construction, operation and maintenance of the entire 47-kilometer, four-lane project.

Based on the schedule posted on the DPWH website, the design of the expressway will be from March 2014 to March 2015. Construction  should start in March 2015 for completion by March 2018. The concession period will run for 35 years. - WealthSec