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Ayaw sa mulaway! Dominguez still waiting for proof Megawide-Saavedra can finance P109-B NAIA rehab

Finance Secretary Sonny Dominguez is growing impatient about Megawide’s grandiose but still unproven promises concerning the P109-billion rehabilitation of Ninoy Aquino International Airport (NAIA).

Tugade ditches Saavedra! MIAA revokes Original Proponent Status for Megawide’s P109B NAIA rehab

Dominguez on Tuesday (January 12) warned that the project will no longer be offered for public-private partnership unless talks with the company owned by Edgar Saavedra don’t shape up soon.

Laway lang kasi puhunan! DOF, NEDA junk Saavedra’s P109B NAIA offer; Megawide’s equity too puny, funding sources speculative

“Make up your mind because if not, NAIA will do it itself. It may not be as good as the plans of the private sector but their plans, they cannot be implemented anyway so what’s the point of discussing that?,” he said.

Wala daw difference! Saavedra makes GMR commit 40% equity in NAIA project months after NEDA says financially-challenged Megawide can’t do it solo

The Finance chief also took a swipe at Megawide, saying its claim of having adequate financial capacity to undertake the project was good only for press releases.

“We haven’t seen that in actuality,” he said.

Dominguez expressed dismay over the delays in the NAIA rehabilitation project, comparing it to the Cavite-Laguna Expressway project stalled for years under the Aquino administration.

He said the government is ready to step in and do a makeover if NAIA if no private company will be up to task.

“Let’s do something that we can do and NAIA is prepared to do it,” Dominguez said.

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