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SMC Bags Bulacan Airport Project Contract

Infra News - Published on Fri, 30 Aug 2019

Image Source: Philippine Star
The Philippine Star reported that San Miguel Holdings Corp emerged victorious as its unsolicited proposal to build a new international airport in Bulacan went unchallenged during the Swiss challenge period and supposed opening of rival bids yesterday. With no offer from other parties, the New Manila International Airport project in Bulacan is all set to be granted to San Miguel. Bids and awards committee chairman and Transportation Assistant Secretary for procurement and project implementation Giovanni Lopez said that no one bought our bid documents. No one joined the bidding and no one submitted a comparative proposal to challenge original proponent which is San Miguel, which means we have to award the project to San Miguel. The DOTr is expected to issue the notice of award to San Miguel within the next five days, after which a 20-day period will start for the proponent to comply with certain conditions which include posting of a performance security and proof of commitment, among others. The performance security may be in the form of cash, irrevocable letter of credit or surety bond (minimum of 10 percent of project cost).

Lopez said that “There are some conditions in the notice of award which San Miguel has to comply with. They have 20 days to do so after that we have five days to check whether they complied or not, then a formal signing of contract, then we will issue a notice to commence construction of the project.”

The DOTr expects the notice to proceed to be issued by the first week of September at the latest. From the start of construction, the New Manila International Airport is seen operational within four to six years.

Lopez said that “In the ordinary course of things, if you follow the time period I think within the month of August or first week of September we’re done with documentation processes. Secretary Tugade wants to start the groundbreaking of the construction by the last quarter of this year. Lopez believes there is no question when it comes to the financial capabilities of San Miguel, saying that they can really deliver as far as financial capacity is concerned.

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Posted By : Sanju Moirangthem on Fri, 30 Aug 2019
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