Megawide-GMR Consortium has submitted the lowest financial bid for the engineering, procurement and construction (EPC) of the Clark International Airport (CRK) expansion project, besting four other bidding companies.
The opening and evaluation of the financial documents on December 14 revealed that the venture between the Philippines’ Megawide Construction Corp. and India’s GMR Infrastructure has made a financial proposal amounting to P9.36 billion. This bid beat the proposals of China State Construction Engineering Corporation Limited, China Harbour Engineering Company Limited, Sinohydro Corporation Limited, and the consortium of Tokwing Construction Corporation and China Machinery Engineering Corporation.
Megawide-GMR’s proposal, however, is still subject to a thorough post-qualification review by the Special Bids and Awards Committee (SBAC), according to a joint statement from the Department of Transportation (DOTr) and Bases Conversion and Development Authority (BCDA).
The World Bank-International Finance Corporation (WB-IFC), the acting lead transaction adviser to BCDA in the conduct of the bidding activities for the CRK expansion project, announced that none of the eligible bidders is on the list of firms debarred by the Washington-based lending company.
The project, the first phase of a four-stage overall airport development program, aims to construct a new passenger terminal building to accommodate eight million passengers annually, as well as build or install all the required associated facilities—both landside and airside—to support the operations of the new terminal.
Construction of the new terminal building is scheduled to break ground on December 20, 2017 at the Clark Civil Aviation Complex in Pampanga.
With the project, BCDA said CRK is set to be Asia’s next premier gateway and complements other big-ticket projects of the authority in Central Luzon under the Build Build Build infrastructure program, such as the Subic-Clark Cargo Railway and the New Clark City—a smart, green, and modern city that will rise within the Clark Special Economic Zone located in Capas and Bamban, Tarlac.
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