Ayala interest in private-public partnership projects in Philippines

Philippines-based conglomerate Ayala Corporation, together with its subsidiaries, is interested in at least US $ 1.85 billion worth of private-public partnership projects that are to be bid out by the government. The projects are to include the Daang Hari toll road worth US $ 50million which Ayala has already gotten the contract for, said Ayala's managing director and head of corporate strategy John Eric Francia. Ayala is reportedly interested in making bids for projects such as the LRT2, the US $ 700millio
November 6, 2012 Read time: 2 mins
Philippines-based conglomerate 6838 Ayala Corporation, together with its subsidiaries, is interested in at least US $ 1.85 billion worth of private-public partnership projects that are to be bid out by the government. The projects are to include the Daang Hari toll road worth US $ 50million which Ayala has already gotten the contract for, said Ayala's managing director and head of corporate strategy John Eric Francia.

Ayala is reportedly interested in making bids for projects such as the LRT2, the US $ 700million LRT1; the NAIA Expressway worth US $ 380million and the Cavite-Laguna (CALA) expressway worth US $ 470million. Together with the Aboitiz group, it also wants to bid for the US $ 250million Mactan International Airport project.

In 2012, Ayala expects its overall capital expenditure to climb to US $ 3.01billion, a record-high. It had earlier revealed plans to spend US $ 2.5billion to build power stations with capacity of up to 1,000MW over the next five years, with renewable energy projects expected to make up 20% of this capacity.

Ayala also wants to augment recurring income to 20% of its revenues over the next five years to a decade, and augment the gross asset value of its unlisted businesses from 9% of US $ 8.22 billion as of the close of September 2012, in a bid to make the conglomerate more attractive to investors.

For more information on companies in this article

Related Content

  • Global credit squeeze impacts Australia's road construction
    July 13, 2012
    Roads Australia steps up in policy debate as road construction feels the pinch of the credit squeeze, as Mark Bowmer (RA media director) reports Like all markets around the world, Australia is feeling the effects of the global credit squeeze and its impact on the delivery of major infrastructure projects such as roads. In Sydney, for example, lack of funding (both from government and private sources) is seen as the major stumbling block to the construction of a much-needed eastern extension to Sydney's main
    Read More
  • New York governor aims to freeze Thruway tolls, including Tappaen Zee Bridge
    January 11, 2016
    The governor of the US state New York, Andrew Cuomo, said he wants to spend US$22 billion over the next five year on maintaining aging roads and bridges. Cuomo also wants to give the agency responsible for maintaining the state’s major cross-state tolled freeway, the 920km Thruway, $1 billion so the agency – New York State Thruway Authority - can freeze tolls at their current rate until 2020. US media reported that his plan would also eliminate tolls for agricultural traffic. He would also offer a t
    Read More
  • Merseylink wins US$3.12bn Mersey Gateway Project contract
    June 20, 2013
    Merseylink was today announced as the preferred bidder for the US$3.12 billion (£2bn) Mersey Gateway Project in North West England. Making the announcement together in the observatory in the Catalyst Museum in Widnes overlooking the River Mersey, Halton Borough Council and Merseylink also confirmed they have jointly identified savings amounting to “tens of millions of pounds” on the projected public sector contribution to the project budget.
    Read More
  • Mexico looks to P3 for four road maintenance deals in 2017
    August 19, 2016
    Mexico will set up four road maintenance tenders worth nearly US$827 million in total as public-private partnerships in 2017. Contracts will cover the road projects Piramides-Tulancingo-Puebla, Matehuala-Saltillo, Saltillo-Monterrey-Nuevo Laredo and Texcoco-Zacatepec, according to the El Economista newspaper. The Secretariat of Communications and Transport, which will organise the work, said it has already launched two bidding processes for the maintenance of Coatzacoalcos-Villahermosa and Queretaro-S
    Read More

Highlighted Content