Cavite-Tagaytay-Batangas Expressway up for NEDA panel approval
CAVITE, Philippines – The proposed 50.42-kilometer Cavite-Tagaytay-Batangas Expressway (CTBEX) is moving forward with the awarding of the original proponent status to Metro Pacific Tollways Corporation (MPTC) South.
On Thursday, July 26, the Department of Public Works and Highways (DPWH) announced it had granted the status to MPTC South, an infrastructure unit of Metro Pacific Investments Corporation (MPIC).
The company had submitted the unsolicited CTBEX proposal to the government.
Under the country's build-operate-transfer (BOT) and procurement laws, the government deals with unsolicited proposals through a Swiss challenge. This is when the government invites private groups to make competing offers, while giving the original proponent the right to match them.
https://www.rappler.com/business/208252-cavite-tagaytay-batangas-expressway-for-neda-panel-approval?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook#Echobox=1532597411