Ayala Land, Inc., one of the leading Philippine land developers has won the US$84.7 million Integrated Transport System South Terminal project after submitting the bid with the lowest annual grantor payment of US$5.6 million.
“This is the second integrated transport system project that we have awarded. Our goal here is to give passengers coming from the South seamless transfers to other modes of transportation, as well as help decongest traffic in the Metro.” said Transportation Secretary Jun Abaya.
Ayala Land is required to submit post-award requirements to the Pre-qualification, Bids and Awards Committee (PBAC) no later than 20 days from the receipt of the notice of award.
Ayala Land, Inc. is responsible for the design and construction of the new terminal which will be situated in a 5.57 hectare land along FTI Compound in Taguig that would connect passengers travelling from neighboring provinces such as Laguna and Batangas to other modes of transport including buses, taxis and jeepneys.
Construction is set to commence in August 2016 and would be completed in January 2018. Operations of the terminal will be in full swing by February 2018. Ayala Land will operate and maintain the terminal for a period of 35 years.