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.