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Sep 13, 2018 @ 16:55

Super consortium gets original proponent status for NAIA upgrade project

 

A mighty consortium of seven of the country’s biggest corporate behemoths conglomerates finally obtained the much-coveted original proponent status (OPS) for its proposal to rehabilitate and operate, the overused Ninoy Aquino International Airport (NAIA).

“ The NAIA Consortium looks forward to working closely with the DOTr and MIAA to progress this initiative. We are committed to see this project through and to follow the proper legal processes,” said Jimbo Reverente, spokesperson of the NAIA consortium.

With the grant of the OPS, the NAIA consortium’s proposal shall be subject to review and approval by the National Economic and Development Authority Board. It shall also be subject to a Swiss Challenge in accordance with the requirements of the build operate-transfer law.

The consortium’s members are Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., AEDC, Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp.

The unsolicited proposal, which was submitted to the DOTr and to the MIAA last Feb. 12, , aims to transform NAIA into a regional airport hub and will expand its capacity to meet the anticipated growth in passenger traffic from the strong economies of the Philippines and the region.

“We remain focused on our commitment to deliver to our country a significantly improved NAIA and are prepared to start work immediately after the airport is turned over to the consortium. Our fellow Filipinos can expect a better airport experience as early as the 3rd year from the time we commence rehabilitation work,” Reverente said.

The P102 billion proposal involves expanding and interconnecting the existing terminals of NAIA, upgrading airside facilities, developing commercial facilities to increase airline and airpot efficiencies, enhancing passenger comfort and experience, and elevating the status of NAIA as the country’s premier international gateway.

It aims to increase capacity up to 100 million passengers per year from over 40 million.

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