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Dec 6, 2017 @ 8:21

Best of the best: 7 corporate giants mull joining forces to bid for NAIA upgrade

 

Seven of the country’s biggest corporate titans are in talks to form a “super consortium” that will bid for the redevelopment of the 35-year old Ninoy Aquino International Airport (NAIA).

Informed sources said the Ayala Corp., JG Summit Holdings, Aboitiz Group, Metro Pacific Investments., Lucio Tan Group, Filinvest Development, and Andrew Tan are looking to pool their resources to submit a competitive bid for the modernization of the aging NAIA.

The “super consortium” hopes to benefit from the combined financial muscle and the national and international network of all aeven business groups.

The NAIA redevelopment is one of the biggest infrastructure projects to be offered by the Aquino administration under the public private partnership (PPP) framework.

The National Economic Development Authority has already approved the P75 billion project which includes operation and maintenance. It will to be offered to investors, with a 15- to 20-year concession agreement.

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