Ayala Bags First PPP Money
Ayala Corporation recently declared that it has bag first the money allotted for PNoy’s Public-Private Partnership (PPP) program amounting 2 billion pesos for the project Daang Hari-South Luzon Expressway (SLEX) Link Road which is considered to be the very first project auctioned by the Aquino administration for its Public-Private Partnership(PPP) program; to be the winning bidder and were so very excited to bag more.
“We are delighted to have submitted a competitive proposal for the first project under the government’s public-private partnership program. This is a good initial foray in the transport infrastructure space and we believe this successful experience working within a public-private partnership framework would be helpful in pursuing future projects under the ppp program”, said by Ayala Corporation president and chief operating officer Fernando Zobel de Ayala.
They bag the fund last December 22,2011 hand over by the Department of Public Works and Highways (DPWH) and were also expected to complete all the requirements for the right-of-way within six months upon signing the concession agreement.
However, the Ayala Corporation is not alone on this project but in partnership with a Spanish Engineering company, Getinsa; that will help the Ayala conglomerate in their expertise in infrastructure projects the detailed design of the project is expected to be complete within four months.
The Link Road project is named “Daang Hari” because the road will start at the Daang Hari if one is in Imus cavite and desire to enter the south Luzon expressway near the Susana Heights Interchange and would enter Cavite.
Actually, this road project is a major arterial road that will connect the towns of Imus, Dasmarinas, and Bacoor Cavite to Metro Manila via South Luzon Expressway (SLEx).It is a Cavite bound road or a road that will provide strategic access to Cavite.
This road project handled by the Ayala Corporation under PNoy’s Public-private partnership program is expected to start its construction by February 2012(segment 1) and will end on September 2012(segment 2)
The expected starting toll rate once this project is finally running or open: P17 for class 1 vehicles,P34 for class 2 vehicles and P51 for class 3 vehicles; all the toll rates are valued-added tax(VAT) inclusive or have already value-added tax(VAT) included on each.
This road project is advantageous to Ayala Corporation because through this road, their real estate properties within Cavite can now be easily accessible to their estate owners and clients.
Another road in the Philippines that is mostly the few rich clans in the Philippines has more advantage of.