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Philippines 35.4 Billion Highway Project Tender Postponed Again

Philippines 35.4 Billion Highway Project Tender Postponed Again

The bidding for the 35.4 billion Philippine peso expressway project has been postponed again. For the best immigration news, please visit the official website of WorldWay Investment Immigration.

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     Focus on Philippines Immigration and the Philippine economy: According to the Philippine Daily Inquirer, the Department of Public Works and Highways (DPWH) has postponed the submission deadline for the 35.4 billion Cavite-Laguna Expressway (Calax) project for the second time, from April 21 to May 21.

According to the head of the special bidding committee of the Department of Public Works and Highways, several qualified bidders requested more time to study and finalize changes to the concession agreement. DPWH Undersecretary Rafael Yabut stated in Supplementary Bid Bulletin No. 24 released on March 25: “In response to the bidders' requests, the submission deadline has been postponed from April 21 to May 21.”

 

Philippines 35.4 Billion Highway Project Tender Postponed Again

 

Last December, the agency postponed the original deadline from January 20 to April 21 to give qualified investors more time to prepare for the Calax project.

Qualified bidders include Team Orion led by Ayala Corporation, MPCALA Holdings of Metro Pacific Investments Corporation, Optimal Infrastructure Development of San Miguel Corporation, and Alloy MTD Philippines from Malaysia.

The four-lane, 47-kilometer Calax highway is the third bidding project of the Department of Public Works and Highways under the public-private partnership of the Aquino government.

 

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