Aboitiz InfraCapital Inc. is reluctant to bid for the $10 billion Sangley International airport over monopoly concerns.
“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.
Aboitiz InfraCapital is among the seven corporate giants vying to upgrade and redevelop NAIA.
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.
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.