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Press Releases

15

December 2011

AYALA SUBMITS HIGHEST BID FOR FIRST PUBLIC-PRIVATE SECTOR PARTNERSHIP (PPP) ROAD PROJECT

Ayala Corporation announced that at the opening of financial bids for the Daang Hari/SLEX Road Project held today, December 15, 2011, it submitted the highest complying bid. Ayala Corporation submitted a bid of P902 million for the construction, operation and maintenance of the 4-kilometer road that will link Daang Hari road in Cavite to the South Luzon Expressway (SLEX) for the 30-year concession period besting San Miguel Corporation’s bid. Ayala expects the Department of Public Works and Highways to formally award the concession on December 22, 2011.

Daang Hari is a major arterial road connecting rapidly growing towns of Imus, Dasmariñas and Bacoor Cavite to Metro Manila via SLEX. The Daang Hari Project will be a new road that exits SLEX near the Susana Heights Interchange and passes through government properties in Muntinlupa, ending at Daang Hari near Verdana Homes in Imus, Cavite. This road provides strategic access to Cavite, much needed relief to traffic in the congested Alabang-Zapote Road and Commerce Avenue.

Ayala Corporation President and Chief Operating Officer, Mr. Fernando Zobel de Ayala said, “We are delighted to have submitted a competitive proposal for the first project under the government’s public-private partnership program. This is a good initial foray in the transport infrastructure space and we believe this successful experience working within a public-private partnership framework would be helpful in pursuing future projects under the PPP program. This road project provides significant opportunities for synergies within the Ayala group, especially our real estate group, Ayala Land, Inc., as it cuts travel time to our residential and commercial projects in this rapidly growing part of the metropolis.”

Ayala in partnership with Getinsa, a Spanish engineering company with deep expertise in infrastructure project globally, expects to begin the detailed design stage, which will be completed in four months. The DPWH expects to complete all right-of-way requirements within six months of signing of the Concession Agreement.