Concession Agreement Signed for US$3 billion Airport PPP project in Philippines
The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) signed the Concession Agreement with the SMC-SAP & Company Consortium for the Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP) project in the Philippines.
The SMC-SAP & Company Consortium, now known as the New NAIA Infra Corp., is comprised of San Miguel Holdings Corp, RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp. With an estimated project cost of PHP 170.6 billion (US$ 3 billion), the consortium aims to significantly enhance the overall passenger experience by modernizing terminals, optimizing airport capacity, and ensuring reliable operations over a 15-year concession period, which could potentially be extended for an additional 10 years.
The project's objectives include increasing airport capacity from 35 million passengers per annum to 62 million passengers per annum and elevating air traffic movements from 40-42 per hour to 48 per hour.
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March 01, 2024
US$995 million loan finalized for Metro subway PPP Project in Philippines
The Department of Transportation (DOTr) has finalized the third tranche of loan financing with the Japan International Cooperation Agency (JICA) for the Metro Manila Subway project in the Philippines.
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February 21, 2024
Winning bidder announced for US$3 billion Airport redevelopment PPP project
The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have announced SMC-SAP & Company Consortium as the winning bidder for the Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP) Project in the Philippines.
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February 14, 2024
NEDA Board approves terms for US$227 million Airport PPP project in Philippines
The National Economic and Development Authority (NEDA) Board has approved the negotiated parameters, terms and conditions for the PHP12.75-billion (US$ 227.5 million) Laguindingan International Airport project in Misamis Oriental, Philippines.
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December 20, 2023
Bids invited for US$6.97 million Dialysis center PPP Project in Philippines
The Department of Health and the Baguio General Hospital and Medical Center (BGHMC) have invited interested parties to finance, design, retrofit, supply, and operate and maintain a dialysis center in Philippines.
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December 15, 2023
Agreement signed to establish Asia's second Private Infrastructure Fund
The Japan International Cooperation Agency (JICA) and the Asian Development Bank (ADB) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to US$1.5 billion.
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