Megawide group wins transport terminal project
By Miguel Camus
SOURCE LINK:
http://business.inquirer.net/185526/megawide-group-wins-transport-terminal-project

MANILA, Philippines—The government awarded on Friday its ninth public private partnership (PPP) project, the Integrated Transport System-Southwest project (ITS), to a consortium led by Megawide Construction Corp.

The Department of Transportation and Communications (DoTC) said late Friday the Megawide-led MWM Terminals’ offer won over sole rival bidder Filinvest Land for a 35-year contract to build and operate the ITS-Southwest Terminal, which will be located near the Manila Cavite Expressway.

During the bidding, MWM Terminals, which includes the Sy family’s Waltermart retail group, offered that government pay it an annual fee of P100 million as against Filinvest Land’s P650 million offer for the 35-year concession period.

MANILA, Philippines—The government awarded on Friday its ninth public private partnership (PPP) project, the Integrated Transport System-Southwest project (ITS), to a consortium led by Megawide Construction Corp.

The Department of Transportation and Communications (DoTC) said late Friday the Megawide-led MWM Terminals’ offer won over sole rival bidder Filinvest Land for a 35-year contract to build and operate the ITS-Southwest Terminal, which will be located near the Manila Cavite Expressway.

During the bidding, MWM Terminals, which includes the Sy family’s Waltermart retail group, offered that government pay it an annual fee of P100 million as against Filinvest Land’s P650 million offer for the 35-year concession period.

Read more: http://business.inquirer.net/185526/megawide-group-wins-transport-terminal-project#ixzz3PtBbAOIH
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