High Investor Confidence in DOTC AFCS Project Attracts Major Players

High Investor Confidence in DOTC AFCS Project Attracts Major Players -- The Department of Transportation and Communications (DOTC) and the Light Rail Transit Authority (LRTA) are all hyped up with what has transpired in their recent call for investors to submit papers for pre-qualification to join a bidding.

The result was an awesome nine (9) consortia, involving major local and foreign conglomerates, banks, and IT companies, ready for the pre-evaluation in order to be able to take part in the bidding for the government project - P1.72-Billion Contactless Automatic Fare Collection System (AFCS).

Transport department said:
We are very pleased with the investor turnout for the AFCS Project. Serious players from the transportation, IT, banking, and retail industries – both local and foreign – all came out to seek pre-qualification to participate in the bidding of the project
The fact that these major groups want to be the our private sector partner for the AFCS Project only goes to show their trust and confidence in the Department, and in our open, fair, and transparent bidding process

List of consortia which submitted papers for the pre-qualification process:

This is brought to you by the joint DOTC-LRTA Pre-Qualification, Bids, and Awards Committee (PBAC). It has got a maximum of twenty five (25) days from April 12 to evaluate the documents submitted by the nine (9) consortia and thereby announce the list of groups that can proceed to the next round. The actual bidding for the said project is set to take place in the 3rd quarter of the year.

While the entire process maybe long and winding, considering the necessary bureaucracy to be walked through, the end product of this effort is indeed a fantastic leap towards a smarter urban transportation in the country. Automated Fare Collection System can be a big boost in the productivity and revenue realms of our rolling stocks. This is Intelligent Transportation System (ITS) working its way to a smarter urban Manila.