DOCSLIB.ORG

2019 Financial Statements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2019 Financial Statements Cavitex Infrastructure Corp. Financial Statements December 31, 2019 and 2018 and Independent Auditor’s Report SyCip Gorres Velayo & Co. Tel: (632) 891 0307 BOA/PRC Reg. No. 0001, 6760 Ayala Avenue Fax: (632) 819 0872 October 4, 2018, valid until August 24, 2021 1226 Makati City ey.com/ph SEC Accreditation No. 0012-FR-5 (Group A), Philippines November 6, 2018, valid until November 5, 2021 INDEPENDENT AUDITOR’S REPORT The Stockholders and the Board of Directors Cavitex Infrastructure Corp. Report on the Audit of the Financial Statements Opinion We have audited the financial statements of Cavitex Infrastructure Corp. (the Company), which comprise the statements of financial position as at December 31, 2019 and 2018, and the statements of comprehensive income, statements of changes in equity and statements of cash flows for the years then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at December 31, 2019 and 2018, and its financial performance and its cash flows for the years then ended in accordance with Philippine Financial Reporting Standards (PFRSs). Basis for Opinion We conducted our audits in accordance with Philippine Standards on Auditing (PSAs). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics for Professional Accountants in the Philippines (Code of Ethics) together with the ethical requirements that are relevant to our audit of the financial statements in the Philippines, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with PFRSs, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Company’s financial reporting process. *SGVFSM001086* A member firm of Ernst & Young Global Limited - 2 - Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with PSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with PSAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: · Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. · Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. · Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. · Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. · Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. *SGVFSM001086* A member firm of Ernst & Young Global Limited - 3 - Report on the Supplementary Information Required Under Revenue Regulations 15-2010 Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information required under Revenue Regulations 15-2010 in Note 27 to the financial statements is presented for purposes of filing with the Bureau of Internal Revenue and is not a required part of the basic financial statements. Such information is the responsibility of the management of Cavitex Infrastructure Corp. The information has been subjected to the auditing procedures applied in our audit of the basic financial statements. In our opinion, the information is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole. SYCIP GORRES VELAYO & CO. Mariecris N. Barbaso Partner CPA Certificate No. 97101 SEC Accreditation No. 1513-AR-1 (Group A), November 16, 2018, valid until November 15, 2021 Tax Identification No. 202-065-716 BIR Accreditation No. 08-001998-108-2018 February 14, 2018, valid until February 13, 2021 PTR No. 8116727, January 2, 2020, Makati City February 20, 2020 *SGVFSM001086* A member firm of Ernst & Young Global Limited CAVITEX INFRASTRUCTURE CORP. STATEMENTS OF FINANCIAL POSITION December 31 2019 2018 ASSETS Current Assets Cash and cash equivalents (Notes 5 and 24) P=163,509,916 P=364,006,619 Restricted cash (Notes 5,14, and 24) 524,575,364 563,758,668 Receivables (Notes 6 and 24) 249,864,938 221,633,594 Financial assets at fair value through profit or loss (Notes 7, 24, and 25) 656,227,368 182,751,543 Prepaid expenses and other current assets (Note 8) 100,416,946 105,357,323 Total Current Assets 1,694,594,532 1,437,507,747 Noncurrent Assets Service concession asset (Note 9) 9,123,527,279 8,338,200,115 Property and equipment (Note 10) 95,984,810 112,074,051 Advances to contractors (Note 11) 313,326,439 262,951,863 Other noncurrent assets (Notes 12 and 24) 193,140,076 193,521,824 Total Noncurrent Assets 9,725,978,604 8,906,747,853 P=11,420,573,136 P=10,344,255,600 LIABILITIES AND EQUITY Current Liabilities Accrued expenses and other current liabilities (Notes 13, 21, and 24) P=734,800,557 P=954,826,904 Current portion of long-term debt (Notes 14, 24, and 25) 412,023,530 469,145,854 Provisions (Notes 15 and 24) 132,721,345 151,258,371 Retention sum and contractors payable (Notes 11 and 24) 240,200,190 164,479,977 Income tax payable 70,385,721 71,851,728 Total Current Liabilities 1,590,131,343 1,811,562,834 Noncurrent Liabilities Long-term debt - net of current portion (Notes 14, 24, and 25) 5,301,321,967 4,827,662,291 Deposit for future stock subscription (Note 21) 759,433,000 759,433,000 Provisions (Notes 15 and 24) 241,714,864 221,144,531 Deferred tax liabilities - net (Note 22) 167,018,975 127,177,863 Other noncurrent liabilities (Note 16) 256,700,000 256,700,000 Total Noncurrent Liabilities 6,726,188,806 6,192,117,685 Total Liabilities 8,316,320,149 8,003,680,519 Equity Capital stock (Note 17) 1,228,375,000 1,228,375,000 Additional paid-in capital 391,500,000 391,500,000 Retained earnings 1,484,377,987 720,700,081 Total Equity 3,104,252,987 2,340,575,081 P=11,420,573,136 P=10,344,255,600 See accompanying Notes to Financial Statements. *SGVFSM001086* CAVITEX INFRASTRUCTURE CORP. STATEMENTS OF COMPREHENSIVE INCOME Years Ended December 31 2019 2018 TOLL REVENUES (Note 23) P=1,917,487,646 P=1,643,785,539 COST OF SERVICES (Note 18) (489,312,226) (489,869,298) GROSS PROFIT 1,428,175,420 1,153,916,241 CONSTRUCTION REVENUE (Note 9) 888,039,155
Load more

Recommended publications
  • Chapter 5 Project Scope of Work
    CHAPTER 5 PROJECT SCOPE OF WORK CHAPTER 5 PROJECT SCOPE OF WORK 5.1 MINIMUM EXPRESSWAY CONFIGURATION 5.1.1 Project Component of the Project The project is implemented under the Public-Private Partnership (PPP) Scheme in accordance with the Philippine BOT Law (R.A. 7718) and its Implementing Rules and Regulations. The project is composed of the following components; Component 1: Maintenance of Phase I facility for the period from the signing of Toll Concession Agreements (TCA) to Issuance of Toll Operation Certificate (TOC) Component 2: Design, Finance with Government Financial Support (GFS), Build and Transfer of Phase II facility and Necessary Repair/Improvement of Phase I facility. Component 3: Operation and Maintenance of Phase I and Phase II facilities. 5.1.2 Minimum Expressway Configuration of Phase II 1) Expressway Alignment Phase II starts at the end point of Phase I (Coordinate: North = 1605866.31486, East 502268.99378), runs over Sales Avenue, Andrews Avenue, Domestic Road, NAIA (MIA) Road and ends at Roxas Boulevard/Manila-Cavite Coastal Expressway (see Figure 5.1.2-1). 2) Ramp Layout Five (5) new on-ramps and five 5) new off-ramps and one (1) existing off-ramp are provided as shown in Figure 5.1.2-1. One (1) on-ramp constructed under Phase I is removed. One (1) overloaded truck/Emergency Exit is provided. One (1) on-ramp for NAIA Terminal III exit traffic and one existing off-ramp from Skyway for access to NAIA Terminal III. One (1) on-ramp along Andrews Ave. to collect traffic jam from NAIA Terminal III traffic and traffic on Andrews Ave.
    [Show full text]
  • Business Directory Commercial Name Business Address Contact No
    Republic of the Philippines Muntinlupa City Business Permit and Licensing Office BUSINESS DIRECTORY COMMERCIAL NAME BUSINESS ADDRESS CONTACT NO. 12-SFI COMMODITIES INC. 5/F RICHVILLE CORP TOWER MBP ALABANG 8214862 158 BOUTIQUE (DESIGNER`S G/F ALABANG TOWN CENTER AYALA ALABANG BOULEVARD) 158 DESIGNER`S BLVD G/F ALABANG TOWN CENTER AYALA ALABANG 890-8034/0. EXTENSION 1902 SOFTWARE 15/F ASIAN STAR BUILDING ASEAN DRIVE CORNER DEVELOPMENT CORPORATION SINGAPURA LANE FCC ALABANG 3ARKITEKTURA INC KM 21 U-3A CAPRI CONDO WSR CUPANG 851-6275 7 MARCELS CLOTHING INC.- LEVEL 2 2040.1 & 2040.2 FESTIVAL SUPERMALL 8285250 VANS FESTIVAL ALABANG 7-ELEVEN RIZAL ST CORNER NATIONAL ROAD POBLACION 724441/091658 36764 7-ELEVEN CONVENIENCE EAST SERVICE ROAD ALABANG SERVICE ROAD (BESIDE STORE PETRON) 7-ELEVEN CONVENIENCE G/F REPUBLICA BLDG. MONTILLANO ST. ALABANG 705-5243 STORE MUNT. 7-ELEVEN FOODSTORE UNIT 1 SOUTH STATION ALABANG-ZAPOTE ROAD 5530280 7-ELEVEN FOODSTORE 452 CIVIC PRIME COND. FCC ALABANG 7-ELEVEN/FOODSTORE MOLINA ST COR SOUTH SUPERH-WAY ALABANG 7MARCELS CLOTHING, INC. UNIT 2017-2018 G/F ALABANG TOWN CENTER 8128861 MUNTINLUPA CITY 88 SOUTH POINTER INC. UNIT 2,3,4 YELLOW BLDG. SOUTH STATION FILINVEST 724-6096 (PADIS POINT) ALABANG A & C IMPORT EXPORT E RODRIGUEZ AVE TUNASAN 8171586/84227 66/0927- 7240300 A/X ARMANI EXCHANGE G/F CORTE DE LAS PALMAS ALAB TOWN CENTER 8261015/09124 AYALA ALABANG 350227 AAI WORLDWIDE LOGISTICS KM.20 WEST SERV.RD. COR. VILLONGCO ST CUPANG 772-9400/822- INC 5241 AAPI REALTY CORPORATION KM22 EAST SERV RD SSHW CUPANG 8507490/85073 36 AB MAURI PHILIPPINES INC.
    [Show full text]
  • Name of Project Status Updates/ Suggested Revisions
    Roadmap for Transport Infrustructure Development for Metro Manila and Its Surrunding Areas(Region III and Region IV-A) Short-term Program(2014-2016) Japan-Philippines Priority Projects: Implementing Progress(Comitted Projects 5, Priority Projects 8) Category Name of Project Status Updates/ Suggested Revisions Contract Packages I & II covering about 14.65 km have been completed. Contract Package III (2.22 km + 2 bridges): Construction 1 Highways Arterial Road Bypass Project Phase II, Plaridel Bypass Progress as of 25 April 2015 is 13.02%. Contract Package IV (7.74 km + 2 bridges): Still under procurement stage. ODA Notice to Proceed Issued to CMX Consortium. The project Projects is not specifically cited in the Transport Roadmap. LRT (Committed) Line 1 South Ext and Line 2 East Ext were cited instead, Capacity Enhancement of Mass Transit Systems 2 Railways separately. Updates on LRT Line 1 South Extension and in Metro Manila Project (LRT1 Extension and LRT 2 East Extentsion) O&M: Ongoing pre-operation activities; and ongoing procurement of independent consultant. Metro Manila Interchanges Construction VI - 2 packages d. EDSA/ North Ave. - 3 Highways West Ave.- Mindanao Ave. and EDSA/ Roosevelt Ave. and f. C5: Green Meadows/ Confirmed by the NEDA Board on 17 October 2014 Acropolis/CalleIndustria Ongoing. Detailed Design is 100% accomplished. Final 4 Expressways CLLEX Phase I design plans under review. North South Commuter Railway Project 1 Railways Approved by the NEDA Board on 16 February 2015 (ex- Mega Manila North-South Commuter Railway) New Item, Line 2 West Extension not included in the 2 Railways Metro Manila CBD Transit System Project (LRT2 West Extension) short-term program (until 2016).
    [Show full text]
  • Battling Congestion in Manila: the Edsa Problem
    Transport and Communications Bulletin for Asia and the Pacific No. 82, 2013 BATTLING CONGESTION IN MANILA: THE EDSA PROBLEM Yves Boquet ABSTRACT The urban density of Manila, the capital of the Philippines, is one the highest of the world and the rate of motorization far exceeds the street capacity to handle traffic. The setting of the city between Manila Bay to the West and Laguna de Bay to the South limits the opportunities to spread traffic from the south on many axes of circulation. Built in the 1940’s, the circumferential highway EDSA, named after historian Epifanio de los Santos, seems permanently clogged by traffic, even if the newer C-5 beltway tries to provide some relief. Among the causes of EDSA perennial difficulties, one of the major factors is the concentration of major shopping malls and business districts alongside its course. A second major problem is the high number of bus terminals, particularly in the Cubao area, which provide interregional service from the capital area but add to the volume of traffic. While authorities have banned jeepneys and trisikel from using most of EDSA, this has meant that there is a concentration of these vehicles on side streets, blocking the smooth exit of cars. The current paper explores some of the policy options which may be considered to tackle congestion on EDSA . INTRODUCTION Manila1 is one of the Asian megacities suffering from the many ills of excessive street traffic. In the last three decades, these cities have experienced an extraordinary increase in the number of vehicles plying their streets, while at the same time they have sprawled into adjacent areas forming vast megalopolises, with their skyline pushed upwards with the construction of many high-rises.
    [Show full text]
  • Investor Presentation November 2019 Section 1 FDC at a Glance Diversified Range of Market-Leading Businesses That Target the Underserved Middle Market
    Investor Presentation November 2019 Section 1 FDC at a Glance Diversified range of market-leading businesses that target the underserved middle market Real Estate & Hospitality Banking Power Others – Sugar & Infra Pacific Sugar 65%1 100% 78%1 100% Holdings 100% 93%1 Clark Consortium 42.5% NAIA Consortium TBC • One of the leading • Manages c.1,800 keys • Most consumer • Early mover into the • Operates sugar mill, real estate developers in significant growth focused bank in retail Mindanao power refinery and sugarcane in the Philippines with areas across the and middle-market sector farms that provide residential land bank of Philippines corporate segments stable cash flows 2,236 ha • Operates a 405MW • First mover advantage • One of the largest clean coal thermal • Led a consortium that • Developed over to invest in the consolidated branch power plant in was awarded a 25-year 200 projects and Clark region store networks with Mindanao Operation and 3,000 ha of land a total of 467 branch Management (“O&M”) • Obtained a provisional stores • Offtake agreements for contract for Clark • Develops integrated casino license from a total of 302 MW4 International Airport self-contained PAGCOR2 for its 201 ha • Ranked 2nd in auto with 17 distribution masterplanned cities integrated resort in loans in the Philippines utilities and an • Member of the and “REIT-able” assets Clark industrial customer in consortium that was Mindanao awarded NAIA Original Proponent Status ("OPS") Respective bubbles represent % ownership Source: Company information Notes: 1 Directly and indirectly 2 PAGCOR = Philippine Amusement and Gaming Corporation 2 3 In terms of credit card receivables in 2018, according to Credit Cards Association of the Philippines 4 Includes 70MW subject to SC ruling requiring the distribution utility to submit a DOE certification to the ERC that they have complied with CSP Rules.
    [Show full text]
  • Nlex Segment 8.2 Project Info
    Economists have viewed infrastructure as a key ingredient for productivity and growth. With the adverse effects of the COVID-19 pandemic, the performance of the Philippine economy significantly depends on infrastructure boost. Toll Roads in Operation: • North Luzon Expressway (NLEX) • Subic-Clark-Tarlac Expressway (SCTEX) • Manila-Cavite Toll Expressway (CAVITEX) Toll Roads Under Construction: • Cavite Laguna Expressway Project (CALAX) • Cebu-Cordova Link Expressway (CCLEX) • NLEX Connector NLEX HARBOR LINK C3 – R10 SECTION PROJECT INFO 2.6-kilometer elevated expressway from Caloocan Interchange, C3 Road, Caloocan City to Radial Road 10, Navotas City Status: 95% complete Target completion: June 2020 BENEFITS • Reduce travel time from NLEX to Radial Road 10 (and vice versa) from 60 to 10 minutes, or a savings of 50 minutes • Ensure timely delivery of goods to and from the Port Area • Improve local traffic situation by segregating expressway users • Provide direct access, stimulate commerce and greater development in the CAMANAVA area • Generate jobs during construction and operation phase • Reduce incidence of road accidents due to better road pavement and traffic management NLEX CONNECTOR PROJECT INFO 8-kilometer elevated expressway from Caloocan Interchange traversing Blumentritt and España, connecting to Metro Manila Skyway Stage 3 at PUP, Sta. Mesa Status: Section 1 construction ongoing Target completion: Dec 2021 BENEFITS • Reduce travel time from NLEX to SLEX (and vice versa) from 2 hours to just 20 minutes • Cut travel time from
    [Show full text]
  • Journal Paper Format
    International Journal of Advanced Science and Technology Vol.65 (2014), pp.27-38 http://dx.doi.org/10.14257/ijast.2014.65.03 Investigation on the Use of Sosrobahu Technology as Road Construction Technique Tomas U. Ganiron Jr Railway Technical Society of Australasia, New Zealand Graduate School of Engineering, Dela Salle University, Manila [email protected] Abstract In order to minimize traffic disturbance during the construction of flyover, the 450 tones pier head is turned 90 degrees. A device is used in Metro Manila Skyway Project in the Philippines. The Sosrobahu device is a hydraulic non friction rotating device; it is a flat jack with a diameter of 80 cm and place in the center of pier. The pier head is then cast over the pier parallel to road axis, oil is injected into the device until the force produced but the oil pressure nearly equals the weight of the pier head, then the pier head is turned 90 degrees. Oil pressure is then released and the gap injected with non-shrink grout. Four post-tensioned U cables of total ultimate capacity of 600 tones are then turned through the pier head and pier, post-tensioned and grouted. Keywords: Elevated roadway, skyway, sosrobahu, transportation engineering 1. Introduction The Metro Manila Skyway project has been designated by the government as one of its priority flagship projects, largely due to its positive economic factors. The project aims to provide a vital link between Metro Manila and the regional growth centers in both the northern and southern areas of Luzon through an elevated expressway system connecting the South and North Luzon expressway from Alabang to Balintawak via the inner western corridor of Metro Manila.
    [Show full text]
  • The Philippines Stocktaking Report on Sustainable Transport and Climate Change
    ASEAN German Technical Cooperation | Energy Efficiency and Climate Change Mitigation in the Land Transport Sector 1.1.1.1. Image (width of page) Image 1: This is a caption for an image (Name, City/Country, Year) 1.1.1.2. Image (width of page) Image 2: This is a caption for an image (Name, City/Country, Year) The Philippines Stocktaking Report on Sustainable Transport and Climate Change Data, Policy, and Monitoring 1 Acknowledgements The authors and the Transport and Climate Change project team would like to express their sincere appreciation to the following experts who contributed invaluable support and inputs to the completion of this report: Dr. Rudolf Petersen and Mr. Sudhir Gota, who offered critical and significant comments on the early drafts of the manuscript, Dr. Jose Regin Regidor and Dr. Karl Vergel of the University of the Philippines–National Center for Transporation Studies, Mr. Artemio Habitan, Chief of Energy Efficiency and Conservation Division of the Department of Energy, Engr. Jean Rosete, Chief of Air Quality Management Section of Environmental Quality Division of the Department of Environment and Natural Resources, and most especially the project partners in the Department of Transportation, starting off with Sherielysse Bonifacio, the Disclaimer former Assistant Secretary for Planning and Finance and its Planning Service arm formerly Findings, interpretations and conclusions led by Director Florencia Creus together with expressed in this document are based on the Environmentally-Sustainable Initiatives information gathered by GIZ and its Transportation Unit managed by Ms. Corazon consultants, partners and contributors. Japson and Mr. Ronald Cartagena , as well as GIZ does not, however, guarantee the accuracy the Road Transport Planning Division led by, or completeness of information in this Mr.
    [Show full text]
  • Fifth Edition
    Fifth Edition CONTENTS 2 LIST OF PPP PROJECTS 4 THE PPP IN PH 5 PROJECTS UNDER PROCUREMENT 13 INVESTMENT OPPORTUNITIES 24 PROJECTS WITH ON-GOING STUDIES 43 AWARDED PROJECTS 52 THE PPP CENTER 53 POLICY INITIATIVES 54 DOING BUSINESS IN PH 55 THE PDMF 56 DIRECTORY 57 ACKNOWLEDGEMENTS PIPELINE AWARDED PROJECTS • Daang Hari - SLEX Link Road Project OF PUBLIC- • PPP for School Infrastructure Project (PSIP) Phase I • NAIA Expressway (Phase II) Project PRIVATE • PPP for School Infrastructure Project (PSIP) Phase II • Modernization of the Philippine Orthopedic Center PARTNERSHIP • Automatic Fare Collection System • Mactan-Cebu International Airport Passenger PROJECTS Terminal Building • LRT Line 1 Cavite Extension and O&M (as of December 05, 2014) PROJECTS UNDER PROCUREMENT Various projects can be financed and • Integrated Transport System - Southwest Terminal implemented via PPPs - from traditional • Bulacan Bulk Water Supply Project infrastructure projects such as toll roads, • Integrated Transport System - South Terminal airports, and transport systems; to • Laguna Lakeshore Expressway Dike Project non-traditional infrastructure such as • Operation & Maintenance of LRT Line 2 ICT systems and facilities, and social • New Centennial Water Source - Kaliwa Dam infrastructure like education and health. Project • Cavite-Laguna Expressway PROJECTS TO BE ROLLED-OUT FOR PROCUREMENT OF CONSULTANTS TO CONDUCT • Development, Operations and Maintenance of the New Bohol (Panglao) Airport PRE-INVESTMENT STUDIES • Development, Operations and Maintenance of
    [Show full text]
  • Preparatory Survey on PPP Project for Development of a Connector Road in Manila
    REPUBLIC OF THE PHILIPPINES Preparatory Survey on PPP Project for Development of a connector road in Manila FINAL REPORT (JR) October 2011 JAPAN INTERNATIONAL COOPERATION AGENCY Oriental Consultants Co., Ltd. Central Nippon Expressway Company Limited OPS West Nippon Expressway Company Limited （先） CTI Engineering International Co., Ltd. JR 11- 011 REPUBLIC OF THE PHILIPPINES Preparatory Survey on PPP Project for Development of a connector road in Manila FINAL REPORT (JR) October 2011 JAPAN INTERNATIONAL COOPERATION AGENCY Oriental Consultants Co., Ltd. Central Nippon Expressway Company Limited West Nippon Expressway Company Limited CTI Engineering International Co., Ltd. ABBREVIATION (1/3) AASHTO American Association of State Highway and Transportation Office ADB Asian Development Bank ASTM American Society for Testing and Materials AVI Automatic Vehicle Identification BCDA Base Conversion Development Authority BIR Bureau of Internal Revenue BOT Build-Operate-Transfer BPO Business Processing Outsourcing CCTV Closed-Circuit Television CDCP Construction Development Corporation of the Philippines CTMS Central Traffic Control System DBM Department of Budget and Management DBP Development Bank of the Philippines DED Detailed Engineering Design DENR Department of Environment and Natural Resources DFS Detailed Feasibility Study DOF Department of Finance DPWH Department of Public Works and Highways DSCR Debt Service Coverage Ratio ECB Emergency Call Box ECC Environmental Compliance Certificate EIA Environmental Impact Assessment EIRR Economic Internal
    [Show full text]
  • (Phase II) FINAL REPORT MAIN TEXT
    REPUBLIC OF THE PHILIPPINES DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS (DPWH) PREPARATORY SURVEY FOR EXPRESSWAY PROJECTS IN MEGA MANILA REGION NAIA EXPRESSWAY PROJECT (Phase II) FINAL REPORT MAIN TEXT NOVEMBER 2012 JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) CTI ENGINEERING INTERNATIONAL CO., LTD MITSUBISHI RESEARCH INSTITUTE, INC. ORIENTAL CONSULTANTS CO., LTD EI METROPOLITAN EXPRESSWAY CO., LTD CR（3） 12-144(1) NAIAX EXCHANGE RATE May 2011 1PhP= 1.90 Japan Yen 1US$=43.2Philippine Peso 1US$= 82.0 Japan Yen Central Bank of the Philippines LOCATION MAP OF THE STUDY AREA TABLE OF CONTENTS Executive Summary 1 BACKGROUND OF THE PROJECT..............................................................................................S-1 2 NECESSITY OF THE PROJECT ....................................................................................................S-1 3 OBJECTIVE OF THE PROJECT ....................................................................................................S-1 4 TECHNICAL ISSUES OF NAIAX..................................................................................................S-2 4.1 NAIA Navigational Clearance ...................................................................................................S-2 4.2 West End Alternatives................................................................................................................S-4 4.3 Alternatives at Park ‘n Fly Building Area..................................................................................S-6 4.4 Alternatives at Interface
    [Show full text]
  • Follow-Up Survey on Roadmap for Transport Infrastructure Development for Greater Capital Region (Gcr)
    REPUBLIC OF THE PHILIPPINES NATIONAL ECONOMIC DEVELOPMENT AUTHORITY (NEDA) FOLLOW-UP SURVEY ON ROADMAP FOR TRANSPORT INFRASTRUCTURE DEVELOPMENT FOR GREATER CAPITAL REGION (GCR) FINAL REPORT SUMMARY August 2019 JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) ALMEC Corporation PP JR 19-003 REPUBLIC OF THE PHILIPPINES NATIONAL ECONOMIC DEVELOPMENT AUTHORITY (NEDA) FOLLOW-UP SURVEY ON ROADMAP FOR TRANSPORT INFRASTRUCTURE DEVELOPMENT FOR GREATER CAPITAL REGION (GCR) FINAL REPORT SUMMARY August 2019 JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) ALMEC Corporation TABLE OF CONTENTS 1 INTRODUCTION ....................................................................................................... 1 2 ASPIRATIONS .......................................................................................................... 1 3 CURRENT AND FUTURE CONDITIONS .................................................................. 2 4 DEVELOPMENT DIRECTIONS ................................................................................ 6 5 ROADS ................................................................................................................... 11 6 PUBLIC TRANSPORTATION ................................................................................. 17 7 GATEWAY PORTS AND LOGISTICS .................................................................... 22 8 TRANSIT ORIENTED DEVELOPMENTS ............................................................... 24 9 IMPLEMENTATION ...............................................................................................
    [Show full text]