PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

593007

Primary Business Area

Public-Private Partnerships Transaction Advisory

Disclosure Date

Apr 23, 2012

Country

Philippines

Region

East Asia and the Pacific

IFC Approval Date

Feb 24, 2012

Status

Completed

Estimated Total Budget

$4,375,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated End Date

May 30, 2013

Project Description

IFC and the Development Bank of the Philippines (DBP) have been appointed transaction advisors by the Government of the Philippines' (GoP) Department of Transportation and Communications (DOTC) for the following Public Private Partnership projects: 1. Light Rail Transit (LRT) Line One, which includes the turn over to a private operator of the existing assets and the construction of a 12 kilometer south extension to Cavite (south of Metro Manila). 2. LRT Line Two, which includes the turn over to a private operator of the existing assets and the construction of an east extension totaling about four kilometers with two additional passenger stations. The assistance of DBP and IFC covers all project pre-investment activities including due diligence review, transaction structuring, marketing and promotion, contract preparation and development of bid/tender documents, as well as supporting DOTC during the bidding process up to the award of the concession contracts.

Development Results