2 parties express interest in SCTEX Price Challenge
Posted: January 06, 2015 | Category: SCTEX
At least two parties expressed interest in the price challenge on the management, operation and maintenance of the 94-kilometer Subic-Clark-Tarlac Expressway being conducted by the Bases Conversion and Development Authority.
San Miguel Corporation and the law firm of Aguirre Abaño Pamfilo Paras Pineda and Agustin for an undisclosed client, attended the pre-selection conference conducted by the BCDA this afternoon (06 January 2014). Both parties bought the bidding documents.
“We are pleased with the turnout and we are confident of the project’s viability,” the BCDA’s price challenge selection committee chairperson Atty. Nena D. Radoc said. “Healthy competition should bring about better service for motorists and the best deal for government.”
The BCDA is bidding out the rights, interest and obligations in the management, operation and maintenance of the SCTEX under a business and operating agreement for a period of twenty-eight (28) years or ending in 2043.
The SCTEX is a four-lane divided expressway traversing the provinces of Bataan, Pampanga and Tarlac and is directly linked to the North Luzon Expressway.
Manila North Tollways Corporation (MNTC), which was also present during the conference, will have the right to match the highest bid for the project.
The BCDA and MNTC signed a business operating agreement on the SCTEX subject to the approval of the President of the Philippines. As a condition for the approval, Malacanang ordered the price challenge in the interest of transparency.