Metro Pacific Investments Corp. (MPIC) could withdraw from a consortium looking to upgrade and operate the country’s main international air gateway amid the unresolved issues with the government.
“It’s gonna be a tough one. We are thinking about it [to pull out from the consortium),” said Manuel V. Pangilinan, chairman of MPIC.
Infrastructure and utilities conglomerate MPIC itself is facing various regulatory roadblocks.
The consortium of seven conglomerates comprises of MPIC, Aboitiz InfraCapital Inc, AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp. and JG Summit Holdings Inc.
Pangilinan said the company would make a decision soon whether or not to withdraw from the consortium.
“Its unfair for the consortium to wait for us. They have the right to ask are you in or out?,” he said.
The consortium has to address two issues — retrenchment and the provision of a people mover system within the Ninoy Aquino International Airport— to move forward with the Swiss challenge, the process where other parties are given an opportunity to challenge the bid of the proponent.
It obtained the approval of the National Economic and Development Authority board to proceed with the NAIA upgrade project.
Prior to the Swiss challenge, the Manila International Airport Authority (MIAA) a and NAIA consortium should negotiate the terms and conditions of the concession agreement based on the parameters required by the NEDA board.
MIAA will then submit the results of the negotiation to the NEDA board and the negotiated draft concession agreement to the Office of the Solicitor General and the Department of Finance for comments within 10 days.
The P102 billion project seeks to transform NAIA into a world-class gateway that can accommodate 65 million passengers annually, more than double the airport’s design capacity of 31 million passengers.