Transportation Secretary Mar Roxas today announced that the P60-billion LRT-1 Cavite Extension, approved by the National Economic and Development Authority in March, is now set for bidding next month.
“Sisimulan na natin ang bidding process sa pamamagitan ng pagpa-publish sa mga pahayagan ng invitation to bid para sa proyekto nang sa gayon ay maabot natin ang target completion natin na 2015,” Roxas said.
Roxas said in the weekly DOTC press event that the construction of the tracks, the stations and all its attendant facilities worth about P30 billion would be bid out. The other half of the P60-billion project, which includes the purchase of the coaches, will be borne out by the government through money funded via Official Development Assistance or ODA, which has lower interest rates over local private financing.
MANILA, Philippines – President Aquino led the inauguration yesterday of the newly-completed Manila-Cavite Toll Expressway tollway or “Cavitex”, a seven-kilometer that directly links Cavite to the coastal road.
The inauguration caps several inaugurations made by Mr. Aquino’s predecessors – former presidents Fidel Ramos, Joseph Estrada and Gloria Arroyo – who all planted time capsules in the highway, according to Cavite Rep. and former Governor Ireneo “Ayong” Maliksi.