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No offer from Sumitomo to rehabilitate MRT, DOTr clarifies

Metro Rail Transit (MRT)-3 builder and former maintenance provider Sumitomo Corp. has no offer to the government to rehabilitate the overstretched rail system, the Department of Transportation said......»»

Category: financeSource: philstar philstarJun 14th, 2018

Why is P17-B MRT rehab double Sumitomo’s offer?

Transport Sec. Arthur Tugade must explain. Why is he borrowing P17 billion from Japan to rehabilitate the MRT-3 commuter railway? That’s despite Japanese giant Sumitomo Corp.’s offer of only P7.5 billion – nearly P10 billion less – to do the work......»»

Category: newsSource:  philstarRelated NewsMay 23rd, 2018

MRT-3 rehab: DOTr extols P17-B loan; still no details

The Dept. of Transport sent a lengthy reply to my May 23 piece, “Why Is P17-B MRT-3 Rehab Double Sumitomo’s Offer?”.....»»

Category: newsSource:  philstarRelated NewsJun 17th, 2018

MRT 3 rehab proposal seen moving forward at year-end

The proposal of Metro Pacific Investments Corp. (MPIC) to rehabilitate the Metro Rail Transit Line 3 (MRT-3) along Edsa is expected to move forward by the end of the year, after issues on the maintenance and operation of the railway and Dalian trains have been addressed, according to the Department of Transportation (DOTr)......»»

Category: financeSource:  philstarRelated NewsJun 10th, 2018

DOTr to act on NAIA Consortium rehab proposal within 2 weeks

The Department of Transportation may decide within two weeks if it would grant original proponent status to the group of seven conglomerates which offered to rehabilitate the Ninoy Aquino International Airport......»»

Category: financeSource:  philstarRelated NewsMay 24th, 2018

DoTr may green-light consortium’s NAIA rehabilitation plan in two weeks

THE Department of Transportation (DoTr) may grant within the next two weeks the original proponent status (OPS) to the consortium seeking to rehabilitate the Ninoy Aquino International Airport (NAIA). Transportation Secretary Arthur P. Tugade said the department has already received the revised proposal from the so-called “super consortium,” composed of the country’s seven biggest conglomerates. […] The post DoTr may green-light consortium’s NAIA rehabilitation plan in two weeks appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 24th, 2018

NAIA consortium may secure OPS for airport rehab project in two weeks — Tugade

The Department of Transportation (DOTr) is eyeing to grant in two weeks the original proponent status (OPS) to the consortium of seven conglomerates seeking to rehabilitate the Ninoy Aquino International Airport (NAIA). Transportation Secretary Arthur P. Tugade told reporters in a forum at Manila Marriott Hotel in Pasay City that they have received the revised […] The post NAIA consortium may secure OPS for airport rehab project in two weeks — Tugade appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 24th, 2018

NAIA consortium says shorter concession may rule out 3rd runway

THE consortium seeking to rehabilitate Ninoy Aquino International Airport (NAIA) will submit to the Department of Transportation (DoTr) by early May a revised proposal to accommodate a shorter concession period, which may rule out the construction of a third runway. NAIA consortium spokesperson Jose Emmanuel F. Reverente said that the DoTr has asked the group […] The post NAIA consortium says shorter concession may rule out 3rd runway appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 25th, 2018

Bangsamoro power deal forged

The National Electrification Administration has inked a deal with a Japanese supplier for a 771-million yen (about P375 million) project to improve the power distribution system in the Bangsamoro area. NEA administrator Edgardo Masongsong said in a statement Osaka-based general trading firm Nishizawa Ltd. had submitted the best offer among five bidders for the Japan International Cooperation Agency-funded "Project for Improvement of Equipment for Power Distribution in Bangsamoro Area." Nishizawa won a contract for the provision of power supplies---including 425 units of transformers as well as poles and wires---and 16 brand-new boom trucks that will be used to rehabilitate the netw...Keep on reading: Bangsamoro power deal forged.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2018

Govt rejects Aboitiz regional airport offer

The government has rejected Aboitiz Equity Ventures’s (AEV) unsolicited proposal to upgrade, expand, operate and maintain four regional airports, with the Transportation department ruling that the projects should undergo public bidding. AEV, through wholly-owned subsidiary Aboitiz InfraCapital, Inc. (AIC) last month offered to spend P148 billion to rehabilitate and operate the Iloilo International Airport, Bacolod-Silay [...] The post Govt rejects Aboitiz regional airport offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsApr 10th, 2018

NAIA Consortium completes submission of P350-B offer

MANILA, Philippines — The Department of Transportation (DOTr) has declared a complete submission for the P350 billion offer of the consortium composed of sev.....»»

Category: financeSource:  philstarRelated NewsMar 17th, 2018

DoTr clears NAIA ‘super consortium’s proposal for evaluation

The Department of Transportation (DoTr) has completed the evaluation of the bid of the “super consortium” of conglomerates to rehabilitate the Ninoy Aquino International Airport (NAIA), the group said. In a statement, the “super consortium” said that the DoTr sent a letter which declared the proposal of the consortium of seven conglomerates to improve and […] The post DoTr clears NAIA ‘super consortium’s proposal for evaluation appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 15th, 2018

Megawide, GMR submit $3B offer to rehabilitate NAIA

Construction and engineering firm Megawide Construction Corp. and GMR of India have submitted a $3-billion unsolicited proposal to upgrade and rehabilitate the highly-congested Ninoy Aquino International Airport (NAIA). Consortium representatives said on Thursday that the proposal - which was based on an 18-year concession - was aligned with the government's strategy to develop a sustainable multi-airport system in the Philippines. The GMR MEGAWIDE consortium believes that its solution will increase airfield capacity to 950 to 1,000 aircraft movements per day, a 30-35 percent increase from the current estimate of 730 aircraft movements daily. For peak hours, the consortium ...Keep on reading: Megawide, GMR submit $3B offer to rehabilitate NAIA.....»»

Category: newsSource:  inquirerRelated NewsMar 1st, 2018

DOTr to review P350-billion NAIA rehabilitation proposal

MANILA, Philippines – The P350-billion proposal to rehabilitate, expand, operate, and maintain the  Ninoy Aquino International Airport (NAIA)  is now being reviewed by the Department of Transportation (DOTr), an evaluation expected to be completed in two months or by April. This was after a consortium of 7 of the country's biggest conglomerates submitted their 35-year ........»»

Category: newsSource:  rapplerRelated NewsFeb 19th, 2018

Transport dep’t evaluation of NAIA rehab proposal may take 2 months

THE Department of Transportation (DoTr) said it will take two months to evaluate a P350-billion proposal by a consortium of conglomerates to rehabilitate Ninoy Aquino International Airport (NAIA). Undersecretary for Aviation Manuel Antonio L. Tamayo said that the agency will evaluate the proposal, but the Manila International Airport Authority (MIAA) will also need to come […] The post Transport dep’t evaluation of NAIA rehab proposal may take 2 months appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 18th, 2018

Get going na!

It doesn’t get any better than this. There are two good offers to rehabilitate NAIA, and one even better offer to build a brand new airport in Bulacan......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2018

Group of PHL conglomerates submits proposal for NAIA rehab

A group of the country’s seven biggest conglomerates submitted on Monday, Feb. 12, their unsolicited proposal to the Department of Transportation (DOTr) to rehabilitate the Ninoy Aquino International Airport (NAIA) and transform it into a regional airport hub. The NAIA Consortium is composed of Aboitiz InfraCapital, Inc., AC Infrastructure Holdings Corporation, Alliance Global Group Inc., AEDC, Filinvest Development […] The post Group of PHL conglomerates submits proposal for NAIA rehab appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 13th, 2018

Super consortium formalizes P350-billion NAIA rehab proposal

MANILA, Philippines – Seven of the country's top conglomerates formalized their P350-billion proposal to rehabilitate, expand, operate, and maintain the  Ninoy Aquino International Airport (NAIA) for 35 years. NAIA Consortium spokesperson Jose Emmanuel Reverente said on Tuesday, February 13, that his group formally submitted its unsolicited proposal to the Department of Transportation (DOTr) on Monday, ........»»

Category: newsSource:  rapplerRelated NewsFeb 13th, 2018

DOTr promises better MRT3 services by 2nd quarter of 2018

MANILA, Philippines – The Department of Transportation (DOTr) has promised to improve the Metro Rail Transit Line 3 (MRT3) services by the second quarter of 2018. In a press briefing on Wednesday, January 10, DOTr OIC Undersecretary TJ Batan said spare parts needed to rehabilitate trains are expected to arrive in 30 ........»»

Category: newsSource:  rapplerRelated NewsJan 10th, 2018

6 companies offer to rebuild Marawi

MANILA, Philippines — Six companies have offered to rehabilitate the main battle area in Marawi, Housing and Urban Development Coordinating Council (HUDCC) C.....»»

Category: newsSource:  philstarRelated NewsDec 27th, 2017

Make sure Sumitomo contract aboveboard

SENATORS Grace Poe and Sherwin Gatchalian on Thursday urged transport officials to ensure that the new maintenance deal for the rehabilitation of the Metro Rail Transit (MRT) would be aboveboard and advantageous to the government. The Department of Transportation (DoTr) announced on Wednesday that it was set to enter into a three-year contract with Sumitomo [...] The post Make sure Sumitomo contract aboveboard appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 30th, 2017