The Department of Transportation and Communications (DOTC) has awarded the Integrated Transport System (ITS) South Terminal to Ayala Land after the firm submitted the bid with the lowest annual grantor payment of P277.8 million.
The original project cost is at P4 billion.
“This is the second ITS 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 DOTC Secretary Jun Abaya.
The winning concessionaire is required to submit post-award requirements to the Pre-qualification, Bids and Awards Committee (PBAC) no later than twenty (20) days from the receipt of the Notice of Award (NOA).
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, this will connect passengers traveling from neighboring provinces such as Laguna and Batangas to other modes of transport including buses, taxis, and jeepneys.
The private concessionaire will operate and maintain the terminal for a period of 35 years.
Construction is set to commence in August 2016 and be completed in 18 months or in January 2018. Operations of the terminal will be in full swing by February 2018. (DOTC)