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Statement of BCDA President and CEO Arnel Paciano Casanova

We have invited all interested parties including the Manila North Tollways Corp. to the conference on January 6 to discuss the concerns on the SCTEX price challenge.

To ensure the integrity of the process, there should be no communication other than the official channels.

We agree that the bidding process should be transparent and fair. As such, no one party should have undue advantage over the others by having a hand in the crafting of the terms of reference.

We at the BCDA have been observing the requirements in the BOA in good faith. The price challenge is consistent with the BOA because it is a consequence of the President’s approval which is a condition precedent to the effectivity of the BOA itself. The BCDA is confident of the legality of its position.

 We are pleased with MNTC’s keen interest in the undertaking because it only shows that SCTEX is a very profitable project that other parties will also find attractive.

Reference:   Ms. Leilani Barlongay-Macasaet        
Mobile No. 0908-8998578