Manlla Llne1 LxLenslon, CperaLlons,

and MalnLenance ro[ecL and MalnLenance ro[ecL

lnvesLors' 8rleflng
London (19 !uly 2012) - Madrld (23 !uly 2012) - 1okyo (02 AugusL 2012)
1he h|||pp|nes
ear
GD growth
(constant
pr|ces, base
year = 2000)
GD
|n USD
M||||on
(current
pr|ces)
GD per
cap|ta
|n USD
(current
pr|ces)
GD
|n USD
M||||on
()
GD
per
cap|ta
|n USD
()
eso vs
Do||ar
Lxchange
kate
2010 7.63 199.6 2,123 368.3 3,920 43.11
2011 3.72 213.1 2,223 390.4 4,073 43.31
12
th
most populous country in the world: 92+ million as of 2010
2
12
th
most populous country in the world: 92+ million as of 2010
US$76B in foreign reserves (25
th
in the world)
Remittances from Jan-May 2012 totaled US$9.3B
Inflation for Feb 2012 Y-on-Y was only 2.7%
Unemployment as of Feb 2012 at 7.2%
1he h|||pp|nes
S& upgraded raLlng Lo 88+" wlLh sLable ouLlook
1P of 2012: hp718 of equlLles boughL by forelgn fund
managers = 3x lncrease from 2011.
LasL !uly 3, Lhe SLl surged Lo a new all-Llme hlgh of 3,369.98.
1he SL ls currenLly Lhe Lop performlng markeL ln Asla wlLh a 1he SL ls currenLly Lhe Lop performlng markeL ln Asla wlLh a
galn of 22.7 ?1u, ouLpaclng bourses ln Slngapore,
lndonesla, Malaysla, 1halland, vleLnam, Pong kong, lndla and
Chlna, among oLhers.
1he hlllppln eso recenLly hlL a four-year hlgh of hp41.72
agalnsL Lhe uS dollar.
3
Metro Man||a
4
1he Investment Cpportun|ty
concess|on for the Man||a L|ne 1 (Green L|ne) ro[ect:
A priority project of Lhe hlllpplnes under lLs rogram
operaLlonal slnce 1984 and servlng heavlly developed areas,
Llne 1 has a we//-estob/ished ridership bose.
2011 rldershlp LoLalled 157 mi//ion possenqers and Llne 1 ls
currenLly averaglng S00,000+ pax da||y (23,000pax/km). currenLly averaglng S00,000+ pax da||y (23,000pax/km).
compotoble systems.
Moloyslo. kelooo Ioyo (fotmetly lu1kA) = opptox. 19,000pox/km
1bollooJ. 8ooqkok 815 = opptox. 16,500pox/km
koteo. 8osoo Metto = opptox. 9,J00pox/km
Among the top S0 metro systems wor|dw|de by annua| r|dersh|p
ro[ect kat|ona|e
Llne 1 has a fare-box raLlo of 1.34 (flve-year average)
Llne 1 already runnlng aL capaclLy
Lhe pro[ecL alms Lo lmprove operaLlonal capaclLy Lo serve
currenL suppressed demand
SouLhern exLenslon Lo capLure large populaLlon base
LhaL regularly Lravel beLween CavlLe and Manlla
ro[ect A||gnment to o||cy Startegy
1o the Nat|ona| 1ransportat|on Iramework
rovldlng ConvenlenL, Affordable, kellable, LfflclenL, and Safe LransporLaLlon
8emedy Lo spaLlal dlslocaLlon" and supporLlng urban growLh beyond MeLro
Manlla
Maxlmlzlng lnvesLmenLs ln exlsLlng lnfrasLrucLure by lncreaslng lLs usage
1o the rogram for 1o the rogram for
Infrastructure Deve|opment
Parnesslng prlvaLe secLor resources
and knowhow ln expandlng and
lmprovlng publlc servlces
ro[ect Descr|pt|on]Components
A. CperaLlon and MalnLenance of Lhe LxlsLlng Llne 1
8. ConsLrucLlon of Lhe CavlLe LxLenslon
C. CperaLlon and MalnLenance of Lhe lnLegraLed Llne 1 C. CperaLlon and MalnLenance of Lhe lnLegraLed Llne 1
(LxlsLlng and LxLenslon)
Lx|st|ng L|ne 1 System
1ype of SysLem: lully elevaLed
LengLh: 20.7 km wlLh 20 sLaLlons
asses Lhrough Cuezon ClLy, Caloocan ClLy,
Manlla, MakaLl ClLy, and asay ClLy
Accesslble Lo Llnes 2 and 3
Line 1
Line 2
Accesslble Lo Llnes 2 and 3
Average of 300,000+ passengers dally
(hlghesL recorded aL 639,000 ln leb. 2012)
8ldershlp lncrease of abouL 12 ln 1
sL
half
of 2012 vs. comparable 2011 flgure (69M
vs. 62M, !an-May)
Line 3
Lx|st|ng L|ne 1 System
Lk11 assenger 1raff|c (|n M||||ons of assengers)
80
100
120
140
160
0
20
40
60
80
1
9
9
1
1
9
9
2
1
9
9
3
1
9
9
4
1
9
9
3
1
9
9
6
1
9
9
7
1
9
9
8
1
9
9
9
2
0
0
0
2
0
0
1
2
0
0
2
2
0
0
3
2
0
0
4
2
0
0
3
2
0
0
6
2
0
0
7
2
0
0
8
2
0
0
9
2
0
1
0
2
0
1
1
L|ne 1 North Lxtens|on
11
Cav|te Lxtens|on
1ype of SysLem: 90 elevaLed (approx. 10.3km)
LengLh: Approx. 11.7 km (8aclaran Lo 8acoor)
8 sLaLlons lncluslve of 3 lnLermodal faclllLles (ur.
SanLos, ZapoLe, nlyog) wlLh opLlon for 2 fuLure
sLaLlons (Manuyo uno, 1alaba)
new saLelllLe depoL (ZapoLe)
New Access to: opu|at|on (2010 Census)
aranaque ClLy 388,000+
Las lnas ClLy 330,000+
8acoor, CavlLe 320,000+
CavlLe rovlnce 3 mllllon
8acoor, Cav|te
13
1he Integrated System
Llne 1 ls llnked Lo Llne 2 and
Llne 3.
LsLlmaLed 1ravel 1lme:
8aclaran Lo Cuezon ClLy
(8oosevelL) = 30mln
14
(8oosevelL) = 30mln
8acoor (nlyog) Lo Cuezon ClLy
(8oosevelL ) = 1hr and 10mln
8acoor (nlyog) Lo 8aclaran
= 20mln
Lst|mated ro[ect Cost
arty
|n hp
M||||ons
|n US5
M||||ons
Share
rlvaLe 27,300 623 30 rlvaLe 27,300 623 30
Cov'L 27,300 623 30
1ota| SS,000 1,2S0 100
S1kUC1UkL AND
8IDDING IkAMLWCkk
Concess|on Structure
Lega| Iramework: hlllpplne 8C1 Law and lLs l88
8ulld-1ransfer-CperaLe (81C") varlanL under Lhe 8C1 Law
Concess|on er|od: 30 years (lncluslve of consLrucLlon
perlod for CavlLe LxLenslon) perlod for CavlLe LxLenslon)
Counterpart|es to the Concess|on:
ConLracLlng arLy: hlllpplne CovernmenL represenLed by
uC1C and L81A
ConLracLed arLy: Concesslonalre Company
Structure
1he Concess|ona|re's ob||gat|ons]r|ghts:
llnances, deslgns and consLrucLs Lhe CavlLe LxLenslon
underLakes C&M of Lhe LxlsLlng SysLem lmmedlaLely
underLakes C&M of Lhe lnLegraLed SysLem upon
compleLlon of Lhe CavlLe LxLenslon
underLakes fuLure SysLem malnLenance and upgrades underLakes fuLure SysLem malnLenance and upgrades
Assumes rldershlp rlsk
8ecelves farebox
ermlLLed commerclal developmenL
Structure
1he Government's ob||gat|ons:
1urns over exlsLlng Llne 1 AsseLs for rall operaLlon and
commerclal buslness venLures (prlor Lo LxLenslon compleLlon)
Acqulres and dellvers all requlred 8CW
rovldes up Lo 39 new Lraln seLs
ConsLrucLs and flnances baslc lnfrasLrucLure for Lhe SaLelllLe ConsLrucLs and flnances baslc lnfrasLrucLure for Lhe SaLelllLe
uepoL and expanslon of Lhe LxlsLlng uepoL
lmplemenLs Lhe AuLomaLed lare CollecLlon SysLem (AlCS)
pro[ecL
Lnsures appllcaLlon of perlodlc fare ad[usLmenLs (whlch wlll be
speclfled ln Lhe 8ld uocumenLs)
Cther Ieatures
Iare
CurrenL fares are zone-based
8evlsed fare sLrucLure: board|ng (f|xed) p|us a d|stance (var|ab|e) fare
erlodlc fare ad[usLmenLs over Lhe concesslon perlod
Iac|||ty Cperator
MusL comply wlLh naLlonallLy requlremenL as prescrlbed under Lhe MusL comply wlLh naLlonallLy requlremenL as prescrlbed under Lhe
ConsLlLuLlon for publlc uLlllLles
Centra||zed Automated Iare Co||ect|on System (AICS)
CovernmenL wlll lmplemenL a cenLrallzed conLacLless fare collecLlon sysLem
for all L81 llnes, operaLed by an lndependenL prlvaLe company.
1hls pro[ecL shall be Lendered parallel Lo Llne 1.
rocurement Moda||ty
Lega| framework: lnLernaLlonal CompeLlLlve
1ender under Lhe hlllpplne 8C1 Law and lLs
lmplemenLlng 8ules and 8egulaLlons (l88)
art|c|pat|on: hlllpplne and forelgn companles, art|c|pat|on: hlllpplne and forelgn companles,
elLher lndlvldually or grouped ln a consorLlum ls
admlLLed
8|dd|ng Iramework for the 1ransact|on
lnternotiono/ competitive 1ender
1wo-Stage 8|d rocess:
re-quallflcaLlon of 8ldders based on legal, Lechnlcal
and flnanclal crlLerla
lnvlLaLlon Lo SubmlL 8lds from re-Cuallfled 8ldders
1wo-envelope sysLem for 8lds
osLlng of requlred bld bond
1echnlcal roposal - evaluaLed on a ass/lall basls
llnanclal roposal - hlghesL concesslon fee as bld
parameLer
Data koom
hyslcal and vlrLual daLarooms have been
seL-up Lo be made avallable for due dlllgence
Lo bldders.
1he daLarooms shall be avallable for due
dlllgence Lo Lhose who have procured Lhe C dlllgence Lo Lhose who have procured Lhe C
uocumenLs.
AfLer pre-quallflcaLlon, only Lhose who pre-
quallfled shall be glven access.
Ind|cat|ve ro[ect 1ender 1|metab|e
M||estone 1arget Date
cooJoct of ltoject coosoltotloos/kooJsbows !uly 2012
C Submlsslon 22 AugusL 2012
ldenLlflcaLlon of re-Cuallfled 8ldders / ldenLlflcaLlon of re-Cuallfled 8ldders /
lssuance of 8ld uocumenLs Lo re-Cual. 8ldders
CcLober 2012
8ld Submlsslon 1C 2013
lssuance of noLlce of Award 2C 2013
Adv|sors
Transaction Advisors
With Assistance From:
Technical and Legal Specialists
Local Legal
Consultants
1hank you!
uC1W WebslLe: www.doLc.gov.ph
CenLer WebslLe: www.ppp.gov.ph CenLer WebslLe: www.ppp.gov.ph
Ior quer|es:
8ene k. Llmcaoco, undersecreLary of uC1C - renekllmcaoco[yahoo.com
!alme C. lellclano, AssL. SecreLary of uC1C - [almecfellclano[gmall.com
!ohn hllllp . Sevllla, undersecreLary of uol - [sevllla[dof.gov.ph
CoseLLe v. Canllao, Lxec. ulrecLor, CenLer - cvcanllao[ppp.gov.ph
lrancls nlcolas M. Chua, uevelopmenL 8ank of Lhe hlllpplnes - fnmchua[dbp.ph
Lulu 8aclagon, lnLernaLlonal llnance CorporaLlon - mbaclagon[lfc.org