OTC to speed up bidding of LRT-1 Cavite extension project By Kristine Angeli Sabillo INQUIRER.net 3:57 pm | Monday, December 2nd, 2013 5 84 0 Light Rail Transit (LRT) Line 1. FILE PHOTO MANILA, Philippines — The Department of Transportation and Communications (DOTC) on Monday allayed fears of delay in the bidding of the Light Rail Transit’s (LRT) Cavite extension, saying it will instead speed up the process. “The only delay was in the schedule of the (National Economic and Development Authority) NEDA Board meeting. Otherwise, we are still following the same 4- to 6-month timeline from obtaining approval to set the bid submission deadline,” DOTC Spokesperson Michael Arthur Sagcal said in a statement. “In fact, we are expediting it. We will adopt the single-stage bidding process, and we will set the bid submission date in the earlier part of Q2 2014,” he added. The announcement came after DOTC Secretary Joseph Abaya said bid submissions for the P64.9-bilion project will be moved to the second quarter of 2014. To expedite the bidding, the DOTC will adopt a single-stage process which requires interested groups to submit their qualification documents, together with technical and financial proposals. It will do away with the separate pre-qualification phase, cutting the process by around two months. Sagcal said the original bid for the project failed last August, prompting the agency to improve its concession terms. Approved by the NEDA Board last November 21, the new terms include the government absorbing the obligation to pay real property taxes, ensuring the integrity of the facility’s structure for a two-year period, permitting a five percent fare increase upon completion of the project, and allowing the submission of negative bids. The DOTC will publish its invitation to bid for the project, which involves the construction of an 11.7-kilometer railway line from Baclaran to Bacoor, Cavite, for three consecutive weeks this December. RELATED STORIES: Bidding for LRT-1 deferred anew Bidding for LRT-1 extension moved to 2014 Follow Us 0 5 78 Google 84 Follow us on Facebook Follow on Twitter Follow on Twitter From Around The Web Introduction to Cloud Computing (Leading To Transform) Big Data Analytics is Transforming Impulse Buyers Into… (Quartz) The Bathroom: A 21st Century Look (Reflections) How to Build a Square Foot Garden [video] (Mother Nature Network) U.S. Army to Get Iron Man Suit in Four Years (Roll Call) Why does the world target Israel? (ynetnews) Japan Asks US To Suspend Military Helicopter Ops (Roll Call) How fuel efficiency is changing our transportation… (Quartz) Bamboo: Lucky... or a Scourge? (Learnist) More than $1 million in gold bars found stashed inside… (Your Jewish News) 15 Foods You Should Never Eat for Breakfast (Shape) Bradley Manning Sentenced to 35 Years, May Be Released In 8… (Learnist) Read more: newsinfo.inquirer.net/538931/dotc-to-speed-up-bidding-of-lrt-1-cavite-extension-project#ixzz2mKq2q9Qh Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook
Posted on: Mon, 02 Dec 2013 16:19:55 +0000
Trending Topics
Recently Viewed Topics
© 2015