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Ayala, MPIC in talks with possible partners for PPP Legazpi rail project; San Miguel keen to bid for project

Posted on July 6, 2015

MANILA, July 6 (PNA) — Ayala Corp. (AC) and Metro Pacific Investments Corporation (MPIC) on Monday confirmed that they are in talks with potential partners for the Php177-billion Philippine National Railway South Line project under a public-private partnership (PPP) scheme.

But the conglomerates, in separate disclosures to the Philippine Stock Exchange, said that no definitive agreements have been signed to date.

Ayala said it is interested in participating in the bid for the railway project should this be put out for bid by the government, “subject to a proper evaluation and assessment of the project.”

Another conglomerate San Miguel Corp. (SMC) likewise confirmed interest in participating in the bidding for the rehabilitation project, also subject to the terms and conditions that may be issued by the Department of Transportation and Communication.

The proposed North-South Railway Project (NSRP) slated for roll-out this year covers Metro Manila to Legazpi City, and a number of existing and proposed branch lines totaling to about 653 kilometers. (PNA)

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