Three Philippine firms in race for $1.1 bln prison project

Three Philippine companies have submitted pre-qualification documents for a 50.2 billion pesos ($1.1 billion) prison project north of the capital, a government official said on Friday.

Conglomerates San Miguel Corp and DMCI Holdings Inc , and contractor Megawide Construction Corp, submitted the pre-bid documents on Friday, Justice Undersecretary Jose Vicente Salazar told reporters after the department received the documents.

The public-private partnership project is part of the government’s efforts to improve the Southeast Asian nation’s prison system, the fourth most overcrowded in the world, according to the International Centre for Prison Studies.

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