NEWS

ALI Offers Lowest Bid for P4B ITS-South Terminal

By: Kris Bayos

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Proposed South Integrated Transport System terminal / Courtesy of ppp.gov.ph

Ayala Land Inc. (ALI) offered the lowest bid to secure a P4-billion project to build an intermodal transport terminal building close to ARCA South estate in Taguig City.

ALI outbidded rival Filinvest Land Inc. (FLI) when the former offered P278 million as annual grantor payment for building and operating the Intermodal Transport System (ITS) South Terminal versus the latter’s P1-billion proposal.

Alfonso Javier Reyes, who heads the Transportation and Power Business of ALI-Capital, said they are confident to pass the financial proposal evaluation by the Department of Transportation and Communications (DOTC).

“We feel that this is a strategic project for us because of its proximity to ARCA South and it is a good project for the country to help to de-clog Metro Manila from vehicular traffic,” Reyes told reporters after the opening of financial bids today.

The winning bidder will spend P4 billion to build the ITS South Terminal within a 4.7-hectare lot within the Food Terminal Inc. (FTI) Complex. The modern terminal facility will have arrival and departure bays, public information systems, ticketing and baggage facilities and park-ride facilities.

In exchange for its investment, the concessionaire will operate and maintain the infrastructure for a period of 35 years. The government will only pay the concessionaire its proposed annual grantor payment.

For his part, DOTC Undersecretary Jose Perpetuo Lotilla said it is possible for the Bids and Awards Committee to conclude the financial bids evaluation and issue the notice of award to the winning bidder within the month.

“It could be assured that we will issue it (notice) as soon as possible because we want this facility to be made available to our people as soon as possible,” he said.

Lotilla expressed content on the outcome of the bidding, especially since the bidders were experienced in building and operating real estate facilities.

“I think we have a good deal because the bidders are both real estate firms and as it were, they are inherently interested in projects of this kind,” he stressed out.