Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Megawide’s Baguio Integrated Terminal to undergo Swiss challenge by 2025

by
December 11, 2024
in Top News
0
Megawide’s Baguio Integrated Terminal to undergo Swiss challenge by 2025
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
THE BAGUIO CITY Integrated Terminal project involves leasing, operating, and maintaining an intermodal terminal to serve provincial buses arriving from outside Baguio City. — BAGUIO CITY PUBLIC INFORMATION OFFICE OFFICIAL FACEBOOK ACCOUNT

THE P1.19-billion Baguio City Integrated Terminal proposal by Saavedra-led Megawide Construction Corp. is set to undergo a Swiss challenge by early next year, according to the Public-Private Partnership (PPP) Center.

“(The project is) in the approval process. The Sanggunian of Baguio City has 90 days to approve it. Once it’s approved, there will be a comparative challenge,” PPP Center Executive Director Ma. Cynthia C. Hernandez said during the PPP Center’s year-end press chat on Wednesday.

The 90-day approval process is expected to end by early next year, PPP Center Deputy Executive Director Jeffrey I. Manalo said.

A Swiss challenge, also known as a comparative challenge, is a procurement process where a public authority invites third parties to submit competing bids against an unsolicited proposal for a public project. The original proponent is then given the opportunity to match or improve upon the best competing offer, ensuring transparency and competitiveness in public procurement.

The listed construction company submitted unsolicited proposals for the P1.19-billion Baguio City Integrated Terminal and the P1.87-billion Cavite Bus Rapid Transit System.

The Baguio City Integrated Terminal project involves leasing, operating, and maintaining an intermodal terminal to serve provincial buses arriving from outside Baguio City.

The project aims to reduce traffic congestion in the city center of Baguio while also improving facilities for commuters.

The Cavite Bus Rapid Transit System is also undergoing a comparative challenge, with the deadline set for Dec. 23.

The project is a joint venture between Megawide and property development company Maplecrest Group, Inc.

The Cavite Bus Rapid Transit System project covers the development, operation, and maintenance of a bus rapid transit and P2P (point-to-point) route with an alignment of 42 kilometers stretching through Cavite, specifically Imus, General Trias, Tanza, Kawit, Trece Martires, and its surrounding areas, while also providing a link to Metro Manila via the Parañaque Integrated Terminal Exchange. — Ashley Erika O. Jose

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Yields on central bank’s term deposits inch down

Yields on central bank’s term deposits inch down

Recommended

NEA likely to miss 2024 electrification target

NEA likely to miss 2024 electrification target

October 9, 2024
PHL on final steps to exit ‘gray list’ by 2025

PHL on final steps to exit ‘gray list’ by 2025

October 27, 2024
Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

Top 5 Canadian Mining Stocks This Week: Lithium Americas Jumps 126 Percent

September 27, 2025
RGU Professor Supports Demand for a ‘School Nurse in Every School’

RGU Professor Supports Demand for a ‘School Nurse in Every School’

September 17, 2024
Damosa Land bullish over Mindanao property market

Damosa Land bullish over Mindanao property market

January 5, 2025
Goldman Sachs Kostin Warns of a Potential S&P 500 Correction

Goldman Sachs Kostin Warns of a Potential S&P 500 Correction

March 15, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Syntholene Energy Corp Appoints International Geothermal Leader Eirikur Bragason as Lead Project Manager

    Syntholene Energy Corp Appoints International Geothermal Leader Eirikur Bragason as Lead Project Manager

    February 17, 2026
    Silver Institute: Market Heading for Sixth Straight Deficit in 2026

    Silver Institute: Market Heading for Sixth Straight Deficit in 2026

    February 17, 2026
    Boundiali extends strike and depth at BDT3 and BST1

    Boundiali extends strike and depth at BDT3 and BST1

    February 16, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved