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Cavite-Laguna road is a dream come true for big property firms

By Ray Eñano | Posted on Aug. 01, 2013 at 12:01am | manilastandardtoday.com
Philippine property companies this early are taking advantage of the publicity being generated by the proposed Cavite-Laguna Expressway project that will link the Manila-Cavite Expressway and South Luzon Expressway in the south.
Real estate agents and broker companies have printed handouts highlighting the proximity of their property projects to the 47-kilometer road project. The P35.6-billion project has now become a major come-on for prospective home and lot buyers interested in settling along the periphery of the toll road.
Ayala Land Inc., the country’s biggest property developer, was among the first builder to express interest in the project, along with infrastructure companies San Miguel Corp. and Metro Pacific Investments Corp.
Ayala Land is developing several properties in Cavite and Laguna that will have access to the Calax. The four-lane road will start from the CavitEx in Kawit, Cavite and end at the SLEX-Mamplasan Interchange in Biñan, Laguna. It will have interchanges in nine locations, namely Kawit, Daang Hari, Governor’s Drive, Aguinaldo Highway, Silang, Sta. Rosa-Tagaytay, Laguna Blvd., Technopark and a toll barrier before SLEX.
Calax and its interchanges, for one, will provide access to  Ayala Land Premier’s projects, namely Santierra at Nuvali, Ayala Westgrove Heights, Ayala Greenfield Estates and Montecito, all in Laguna. Also benefiting from Calax are Avida Land’s low-cost housing projects in the two provinces.
Silent partners?
Ayala Land is so far among the most vocal in its interest to construct the Calax. No other major property companies, except for AboitizLand Inc., have come forward to purchase bid documents from the Public Works Department. A source, however, suspects that some of the big property companies like Filinvest Land Inc., Megaworld Corp., Vista Land & Lifescapes Inc.  of former Senator Manuel Villar and Robinsons Land Corp. might have forged a joint venture agreement with among the 11 groups that initially expressed interest in the road project.

Eight more companies, including the Aboitiz Group, Korea Expressway Corp. and AlloyMTD Philippines Inc. of Malaysia, have expressed interest to bid for the Cavite-Laguna Expressway project.
The eight new bidders are Korea Expressway, AlloyMTD, Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Megawide Engineering Excellence, Leighton Contractors (Philippines) Inc., Makati Development Corp., EGIS Projects Developer of Infrastructure & Service and Aboitizland Inc.
Ayala Land’s parent Ayala Corp. is bidding through unit AC Infrastructure Holdings Corp. Another notable bidder is Korea Expressway, a privately-owned business that operates the toll roads of South Korea, while EGIS is a French engineering group of companies involved in the areas of infrastructure and transport systems, planning, water and environment.
Malaysia-based AlloyMTD, a leading Asian infrastructure conglomerate operating in the global market, built the 36-kilometer South Luzon Expressway, while AboitizLand is a member of conglomerate Aboitiz Equity Ventures Inc., which has interests in power generation and distribution, banking, shipping and property.
Public Works, the implementing agency of the project, has modified the bid documents from a combination of official development assistance and public-private partnership to a “pure” private-public partnership.
It modified the bid documents, after San Miguel made an upfront payment of P11 billion to the government for the NAIA Expressway project.
The Calax is the agency’s third infrastructure project under the government’s PPP program. The first project, the Daang Hari-SLEX, was awarded to the Ayala group, while the second, the NAIA Expressway, went to Optimal Infrastructure Development of San Miguel.
E-mail: rayenano@yahoo.com, business@mst.ph or extrasstory2000@gmail.com
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