Light Rail Manila Holdings 2, Inc., composed of AC Infrastructure Holdings Corporation, Metro Pacific Light Rail Corporation and RATP Dev Transdev Asia, have engaged CFP to be their bid manager for the LRT Line 2 O&M Project of the Department of Transport and Communications (DOTC). The Project, which was approved on 29 May 2014 by the NEDA Board, is a top priority project of National Government under DOTC’s Manila Metropolitan Area Transportation Master Plan. The winning private sector proponent will be awarded a long-term O&M contract for the LRT Line 2 System with some capacity expansion requirements. The contract will cover the existing 13.8-kilometer LRT 2 System, which traverses the cities of Manila, San Juan, Quezon City, Marikina, and Pasig, as well as extensions that DOTC may add to the system over the concession period of 10 to 15 years. This will include the proposed 4-kilometer extension project going eastward to the Masinag Market in Antipolo City along Marcos Highway. The Project is intended to immediately alleviate the worsening traffic condition in the Parañaque-Las Piñas-Cavite area and catalyze commercial development around the rail stations.
CFP will manage the legal, technical and financial due diligence process. CFP will recommend revisions in the tender process, deal structure and contract terms of DOTC, as necessary, to fairly protect the investment interests of the consortium members. CFP will also assist consortium in preparing the technical and financial proposals for submission to DOTC.