MWM Terminals to bag P2.5-B terminal deal

(Updated 8:12 a.m., Jan. 14) MWM Terminals will likely bag the Integrated Transport System (ITS)-Southwest Terminal project after it offered a lower annual grantor payment (AGP) for the P2.5 billion public-private partnership (PPP) project.

 

"Lowest AGP wins, subject to evaluation of the bid," the Department of Transportation of Communications (DOTC) said, which opened financial bids for the project Tuesday morning. 

 

AGPs are payments to be made by the government to the concessionaire.

 

MWM Terminals, the consortium of Megawide Construction Corp. and WM Property Management Inc., offered an AGP of P100 million.

 

On the other hand, Filinvest Land Inc. offered an AGP of P650 million.

 

DOTC Usec. Jose Perpetuo Lotilla said the bids and awards committee is still evaluating the financial proposals.

 

The agency is expected to announce the winning bidder on Wednesday, Lotilla, chairman of the special bids and awards committee, told GMA News Online.

 

The PPP project involves the construction of passenger terminal buildings, arrival and departure bays, public information systems, ticketing and baggage handling facilities, and park-and-ride facilities in a 2.9-hectare property within the Coastal Road Terminal along the Manila-Cavite Expressway.

According to the PPP Center website, it will connect passengers coming from the Cavite side to other transport systems such as the future LRT Line 1 South Extension, city bus, taxi, and other public utility vehicles that are serving inner Metro Manila. —Kathryn Mae Tubadeza/NB/KG, GMA News