• World News
  • Politics
  • Economy
  • Stock
  • Editor’s Pick
Global Trading Markets
EconomyEditor's Pick

Common station contract could be offered as PPP

by May 20, 2025
May 20, 2025

THE Department of Transportation (DoTr) will once more bid out the contract to build the common station for Metro Manila’s commuter railways, with a public-private partnership (PPP) under consideration.

“We are looking for other modes of procurement. We can do this through bidding, but we can also do this via PPP. We are now assessing how we can do this,” Transportation Secretary Vivencio B. Dizon told reporters on Tuesday.

Last week, the DoTr issued a notice of termination to the contractors of the Unified Grand Central Station at North Avenue-EDSA, Quezon City, also known as the common station for the Metro Rail Transit (MRT) and Light Rail Transit (LRT) lines and the Metro Manila Subway.

The contractors — BF Corp. and Foresight Development and Surveying Co. (BFC-FDSC) were terminated due to excessive delays, the DoTr said.

“For now, we are looking at PPP because it would be the fastest,” Mr. Dizon said.

The BFC-FDSC consortium signed a P2.8-billion agreement with the government in 2019 for the construction of Area A of the Unified Grand Central Station project.

The project aims to link Metro Manila’s main commuter rail lines, including LRT-1, MRT-3, MRT-7, and eventually the Metro Manila Subway.

The project was initially targeted for completion in the first quarter of 2021. It was designed to have three sections, each built separately: Area A by BFC-FDSC, Area B by Ayala Corp., and Area C by San Miguel Corp., the concessionaire for the MRT-7 project.

Mr. Dizon said the DoTr is now hoping to complete the common station project by early 2027, in line with the target completion of MRT-7 which is projected to start full operations by 2026.

Foresight Development and Surveying Co. was formerly registered with the Securities and Exchange Commission on March 25, 1997, as Foresight Surveying Co., with a primary focus on surveying and related geodetic engineering services.

Meanwhile, BF Corp., founded by former Metropolitan Manila Development Authority Chairman Bayani F. Fernando, is primarily engaged in general construction and engineering.

The DoTr is also studying the possibility of imposing penalties against the joint-venture company over the delays, Mr. Dizon said, adding that the department is not yet studying the possibility of filing charges against the contractor.

“What we are discussing right now are the financial obligations,” Mr. Dizon said.

Asked to comment, the BF-FSDC consortium said it had complied with its contractual obligations and delivered all the engineering work for the project, but experienced payment delays.

“The undue and habitual delays in payment of quality work forced BF-FSDC consortium to stop work, since 2024; otherwise, its financial standing and quality reputation would be severely impaired… The work stoppage was solely due to DoTr’s prolonged non-payment of completed work,” it said. — Ashley Erika O. Jose

previous post
PSA says illiteracy figures for high school grads misreported
next post
Manila Water targets completion of upgrades at Cardona plant by Sept.

You may also like

Approved building permits rise 3.4% in March

May 20, 2025

Guimaras mangoes to be made available by post

May 20, 2025

Manila Water targets completion of upgrades at Cardona...

May 20, 2025

BSP being pitched to use abaca fiber in...

May 20, 2025

Budget cap to be set on May 26...

May 20, 2025

Midterm election result reflects ‘dissatisfaction’ with economy

May 20, 2025

PHL-EU trade up 3.8% in 2024

May 20, 2025

Floor price under study for buying palay from...

May 20, 2025

PSA says illiteracy figures for high school grads...

May 20, 2025

Clarifications on VAT on digital services

May 19, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Tommy Robinson Has Sentence Reduced — Will Be Released From Prison Later This Week

      May 21, 2025
    • Reform UK’s Tice Torches PM Starmer in Parliament, Tells Him His Labour Party Will Lose Next Elections Over His Brexit Betrayal (VIDEO)

      May 20, 2025
    • WATCH: “It’s Disgusting… She Should be Thanking Them” – Tom Homan Slams Rep. McIver for Smearing ICE Agents Following Indictment, Says “More Deportations” Incoming Amid SCOTUS Ruling Revoking Aliens’ Protected Status

      May 20, 2025
    • Biden Spox Discloses New Information on Joe Biden’s Last Test for Prostate Cancer After Trump Questions Why Diagnosis Wasn’t Revealed Earlier… and CNN Isn’t Even Buying It

      May 20, 2025
    • Magistrate Judge Does NOT Immediately Grant DOJ Motion to Dismiss Criminal Trespass Charge Against Newark Mayor Ras Baraka

      May 20, 2025
    Footer Logo
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 GlobalTradingMarkets.com All Rights Reserved.

    Global Trading Markets
    • World News
    • Politics
    • Economy
    • Stock
    • Editor’s Pick