Business

Aint violating anything: NAIA consortium says it can negotiate terms under BOT Law

The super consortium, which comprises seven of the country?s biggest corporations, reiterated it can negotiate changes to its unsolicited proposal to rehabilitate and expand the Ninoy Aquino International Airport under the Build-Operate-Transfer Law.

The super consortium, which comprises seven of the country?s biggest corporations, reiterated it can negotiate changes to its unsolicited proposal to rehabilitate and expand the Ninoy Aquino International Airport under the Build-Operate-Transfer Law.

In a statement, the consortium?s designated spokesperson,Jimbo Reverente, said the BOT rules call for negotiations between the proponent and the government to find the best iteration of a new NAIA and that is where changes, or ?tweaking?, will happen.

?For us, our proposal provides the short, medium, and long-term solutions to NAIA?s problems. However, we are flexible and can adjust to what the government wants. Otherwise, we can proceed to deliver on our promise as soon as we are cleared for take-off,? he said.

Under the implementing rules and regulations of the BOT, “negotiations shall focus on the project scope, implementation arrangements, reasonable ROR (rate of return) and other parameters determined by the ICC (Investment Coordinating Committee of Neda)/approving Body, and the terms and conditions of the draft contract for the unsolicited proposal, among others.?

The NAIA consortium issued the statement after Megawide expressed concern over the former?s plan to tweak its proposal which was submitted in February.

?The seven Filipino conglomerates comprising the NAIA consortium stand on uncompromising legal compliance for the approval of its proposal. They set aside their individual competitive spirit for the country. We ask others to do the same or at least let the proper process take its course before raising questions that are based on speculation,? Reverente said.

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