Monday 19 March
Powered by Ajaxy
Feb 22, 2018 @ 23:41

Changi Airport Group keen on taking 30% stake in NAIA expansion project


The Changi Airport Group of Singapore is eyeing a 30 percent stake in a project that seeks to transform the Ninoy Aquino International Airport into a world-class regional aviation hub, the Nikkei reported.

In partnership with Changi Airport Group, a local super consortium comprising seven conglomerates — Ayala Corp., JG Summit Holdings, LT Group, Aboitiz Equity Ventures, Metro Pacific Investments Corp., Filinvest Development, and Alliance Global Group — submitted an unsolicited proposal to redevelop NAIA into a premier international gateway at a cost of P350 billion.

MPIC chairman Manuel V. Pangilinan said Changi Airports International is keen on taking 30 percent of the project with the seven corporate giants holding 10 percent each.

The super consortium’s proposal involves improvements and expansion of terminals, and the development of an additional runway, taxiways, passenger terminals and associated support infrastructure.

Changi Airport Group, which manages Singapore’s Changi Airpor, just lost a contract to operate King Abdulaziz International Airport in Jeddah.

It has airport consultancy and development projects in Brazil, Russia, China, India, and the Middle East.

Tags: , , , , , , , , , , ,

Related Stories
By Omar Hasan - Agence France-Presse Saudi Arabia is fast-tracking an atomic energy programme to
Pinoys working in the United States and the Middle East were the biggest sources of
The Philippines has grown to be the darling of global investors.
Judging by their smiles, the broadcasting magnate and the prima ballerina enjoyed their date at


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.