February 27, 2014 5:59pm
Source: gmanetwork.com
A Korean consortium has won the consultancy contract covering the civil works for the Light Rail Transit Line 2 (LRT-2) extension project to Masinag in Antipolo City, the Department of Transportation and Communication (DOTC) said Thursday.
In a notice of award, Transportation Secretary Joseph Emilio Abaya identified the group as the consortium of Foresight Development and Surveying Company, Soosung Engineering Co. Ltd., and Korea Rail Network Authority.
The Koreans submitted the wining bid of P240.78 million, or over P100 million lower than the P350 million budget for contract.
They bested the groups of JF Cancio & Associates and Development Engineering & Management Corporation, as well as Engineering & Development Corporation of the Philippines, Filipinas Dravo Corporation, TCGI Engineers, Urban Integrated Consultants Inc., and Oriental Consultants Co. Ltd.
The P9.7-billion project will extend the 13.8-kilometer LRT-2 from Recto to Santolan by 4.14 kms to the intersection of Marcos and Sumulong Highways.
Two new stations will be built – the Emerald Station in front of Robinsons Place Metro East in Cainta Rizal and the Masinag Station at the Masinag Junction in Antipolo.
Financing for the project was culled from government appropriation and an official development assistance loan from the Japan International Cooperation Agency.
According to DOTC, the extended run of LRT-2 would increase the daily capacity to 240,000 passengers from 130,000. – VS, GMA News