Metro Pacific Offers P27.3 Billion Bid Premium for CALAX Project
MPCALA Holdings Inc. of infrastructure conglomerate Metro Pacific Investments Corporation offered the highest bid premium of P27.3 Billion for the Cavite-Laguna Expressway (CALAX) Project, beating by P5.1 Billion the P22.2 Billion offer of San Miguel Holdings Corporation.
DPWH Private Partnership Project Special Bids and Awards Committee (SBAC) Chairman Undersecretary Rafael C. Yabut described the premium offer of MPCALA Holdings as best deal for the government considering that the minimum bid for CALAX was at P20.1 Billion.