Theme Layout

Boxed or Wide or Framed

Wide

Theme Translation

Display Featured Slider

No

Featured Slider Styles

Display Grid Slider

No

Grid Slider Styles

Display Trending Posts

No

Display Author Bio

No

Display Instagram Footer

No

Dark or Light Style

Powered by Blogger.

Reviews

Media

FACEBOOK COMMENT APPID

Label-Index

DISQUS SHORTNAME

SM Consortium confident to win light rail single ticketing project



SM Consortium, led by SM Investments Corp. with members BDO Capital and Investment Corp., Advanced Card Systems Ltd. and Penta Capital Investment Corp., is confident of a favorable result in the ongoing financial evaluation of the MRT/LRT Automated Fare Collection System Project.

“With no cost to the government to build and modernize the ticketing system and a one-time concession fee of P1,088,000,000 to be paid to the government unconditionally, we believe that our proposal is most advantageous to the government and the riding public,” said Norman T. Pe, senior vice president of Penta Capital.

The Department of Transportation and Communication is now evaluating the proposals of three bidders – AF Consortium led by BPI, SM Consortium and Comworks Berjaya Consortium – which passed the technical proposal stage. 

“SM, the country’s largest retail chain, will be able to maximize the potential of this innovation through the wide retail acceptance and other applications,” added Denny Wong, chairman of Advanced Card Systems Ltd of Hongkong.

The winning bidder will be announced before December 24 and notice to proceed is expected to be issued in the third week of January 2014.




QuickEdit
Dale Bacar
0 Comments
Share This Post :

You Might Also Like

No comments:

Post a Comment

Follow @SunriseSunsetBlog