Business

Aboitiz Group may not pursue bid for Sangley airport

Aboitiz InfraCapital Inc. is reluctant to bid for the $10 billion Sangley International airport over monopoly concerns.

Aboitiz InfraCapital Inc. is reluctant to bid for the $10 billion Sangley International airport over monopoly concerns.

Aboitiz Power earnings slip 36% in Q3

“We are looking at the terms. We’re looking at what we can and we cannot do given that we have an unsolicited proposal for Naia (Ninoy Aquino International Airport),” said Aboitiz InfraCapital COO Cosette Canilao.

MPTC proposes spur road to Sangley

Aboitiz InfraCapital is among the seven corporate giants vying to upgrade and redevelop NAIA.

MPIC, DMCI among six groups eyeing to develop Sangley international airport

DM Consunji Inc. and SM Investments Corp. last week said they were not interested in bidding for the proposed redevelopment of the Sangley airport in Cavite. The Ayala Group, on the other hand, is keeping its options open.

Cavite gov’t told to file financial projections for planned Sangley airport

The deadline for securing bid documents is on Nov. 11, while submission of bids is on Nov. 25,. Interested bidders could purchase bid documents for P10 million.

The provincial government of Cavite is the lead proponent and implementing agency of the project under the provincial government’s public-private partnership scheme. The selected joint venture partner will provide the necessary equity investment and credit enhancements subject to a further competitive process or price test, perform engineering, procurement and construction services for the land and airport development components.

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