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Mar 22, 2018 @ 21:32

Megawide tells NAIA consortium: Fight fair and square


To successfully tackle corporate giants, you can’t bring a sling to a sword fight.

Underdog Megawide Corp. knows that all too well as it voiced out its concern over the super consortium’s plan to tweak the unsolicited proposal it submitted to the government for the redevelopment of the Ninoy Aquino International Airport.

Megawide is going up against seven of the country’s biggest corporations which include Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group, Asia’s Emerging Dragon Corp., JG Summit Holdings, Metro Pacific Holdings, and Filinvest Development Corp.

“An unsolicited proposal, once submitted, should be evaluated as is. We at Megawide were quite alarmed to hear the statements of the NAIA consortium about their intent to “tweak” their submission proposal for the rehabilitation of NAIA. Their suggested “tweaks” involve changing cornerstones of their proposal,” Megawide-GMR said in a statement.

The Megawide-GMR Group said this was tantamount to changing the terms.

“If it is the intent of the NAIA consortium to tweak their proposl, it should be properly revised and re-submitted to the government. It also follows that this re-submitted proposal should be evaluated after the Megawide-GMR proposal,” Megawide-GMR said.

“We are very much concerned that this tweaking of proposals after they have been submitted and deemed complete will put into question the integrity process for evaluation of all unsolicited proposals,” it added.

The proposal submitted by the NAIA consortium last Feb. 12, proposed a 35-year concession period, which the group members are now willing to cut short to satisfy the government’s preference.

Megawide-GMR’s proposal, on the other hand, proposed a shorter concession term of 18 years. It was submitted early this month.

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