Group Submits P6.4 B Lowest Bid for LRT 2; Composed of Marubeni, Balfour-Beatty, Toshiba, Daewoo

Article excerpt

The Asia-Europe MRT Consortium of Marubeni, BalfourBeatty, Toshiba and Daewoo tendered the lowest bid of P6.4 billion for the controversial Package 4 of the Light rail Transit (LRT) 2 the other day.

The Asia-Europe MRT Consortium's P6,393,197,727, offer was P4 billion less than the Siemens-Mitsui Consortium, which gave the highest bid of P10,387,360,453. Notably, the approved agency estimate of consultants for Package 4 prior to the bidding was P10,846,086,196.

The MMHI Consortium of Mitsubishi Corp., Mitsubishi Heavy Industries, Hyundai Precision, John Holland &Union Switch & Signal gave the second lowest bid of P7,962,454,649.92.

USJP Transit Consortium of Nissho Iwai, Raytheon Ebasco, General Railway Signal Corp, and Nippon Sharyo came in third with P8,594, 122,023.02.

The Tomen-CCDET Consortium followed with P9,220,275, 306.45 and the Ansaldo-Kenematsu Consortium ranked fifth with P9,738,804,193.

The PBAC did not open the financial proposals of the AdTrane -Itochu-ABB MRT Consortium and the SumitomoGEC-Alsthorn Consortium. "They can be technically qualified to do the project but they were not technically compliant under our rules," transport officials commented.

However, transport officials still have to check the computation of the bid and the details of the financial proposal. They will proclaim the winner within one to two weeks, said LRT Authority (LRTA) Administrator Antonio C. San Luis.

In a race against more delays from court injunctions and Senate inquiries, the Pre-Qualified Bid Award Committee (PBAC) opened the financial envelopes within hours after they received the concurrence of the Japan Bank for International Cooperation (JBIC) by courier. …