NEWS

Ayala Land Tops 2nd South Station Auction

By: Darwin G. Amojelar

Ayala Land Inc. topped the auction Tuesday for the second integrated terminal system in Metro Manila under the government’s public-private partnership program.

Transportation Undersecretary Perpetuo Lotilla, chairman of the bids and awards committee of the Department of Transportation and Communications, said Ayala Land offered a lower annual grantor payment of P277.88 million for the P4-billion South Integrated Terminal System.

The annual grantor payment is a fee to be paid by the government to the concessionaire.

Filinvest Land Inc. offered P1 billion.

“The government welcomes the lowest bidder, because that is the amount that will be paid by the government. I think we have a good deal with the amount that they are charging,” Lotilla said.

Lotilla expects to issue the notice of award before the end of the month.

“Since this is a facility that will enhance property values, of course people around the area will have greater interest in getting the project. A lot of things could come together with the project like this,” he added.

Ayala Land transportation and power business head Alfonso Javier Reyes told reporters the company was pleased with the result of the bidding.

“I guess this is an important project for us because we’re developing ARCA South, so we feel this a very strategic project and it’s a good project for the country to help de-clogged Metro Manila,” Reyes said.

Ayala Land said the site of the ITS South Project was right next to ARCA South, where ALI is developing an integrated mixed-use estate.

Up to 4,000 buses and 160,000 passengers are expected to feed into the ITS South from the South Luzon Expressway every day.

Construction will begin by May 2016 and is expected to be completed and ready for operation by October 2017.

The winning bidder will take care of the design, construction and operations and maintenance of the terminal for a concession period of 35 years.

The project covers the construction of a terminal within a 4.7-hectare lot along the FTI Compound in Taguig City. It will connect passengers coming from the south, specifically Batangas and Laguna provinces, to other public utility vehicles that are serving inner Metro Manila.

The project also covers the construction of arrival and departure bays, public information systems, ticketing and baggage facilities and park-ride facilities.

Earlier, the Transport Department awarded the P3.27-billion contract to build and operate a public transport terminal in southwest of Metro Manila to MWM Terminals, the consortium of Megawide Construction Corp. and WM Property Management Inc.

The Megawide Group offered the lowest annual grantor payment of P100 million for the ITS Project southwest terminal. The project has a 35-year cooperation period.

The terminal, set to be built along the Manila-Cavite Expressway in Parañaque City, is designed to provide seamless transfers between different modes of transportation.

The government also plans to bid out the ITS North Project, which will be located near the Veterans Memorial Hospital in Quezon City.