THE provincial government of Cavite said only one challenger registered and purchased bid documents for the competitive challenge process of the Cavite-Batangas Expressway (CBEX), a 27.06-kilometer toll road proposed by San Miguel Holdings Corp. (SMHC).
THE provincial government of Cavite said only one challenger registered and purchased bid documents for the competitive challenge process of the Cavite-Batangas Expressway , a 27.06-kilometer toll road proposed by San Miguel Holdings Corp. .in a phone message on Monday.Annaliza Mercene-Pulmones, Cavite’s public-private partnership selection committee secretary and provincial legal officer, confirmed the information in a separate phone message.The province set Dec.
The successful bidder will become the Cavite government’s joint venture partner for the project. It will finance, design, construct, operate and maintain the project under a 35-year concessional period. The province awarded SMHC the original proponent status for the project on June 30. That status gives the private company the right to proceed with detailed negotiations and if successful, to exercise the right to match the best comparative proposal.The Metro Pacific Tollways Corp. has said the alignment of CBEX overlaps with the company’s proposed P25.24-billion Cavite-Tagaytay-Batangas Expressway .
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