The provincial government of Cavite in the Philippines has opened the submission of bids for the implementation of the Sangley Point International Airport Project through a joint venture (JV) partnership scheme. The international air hub is to be pursued under the Public-Private Partnership (PPP) Code.
Cavite is the implementing agency of the project which supports the Department of Transportation’s (DOTr) multi-airport strategy to decongest Ninoy Aquino International Airport (NAIA), the country’s main international gateway, whose passenger volume is already about 40 percent above its design capacity of 31 million passengers yearly.
The 1,500-hectare master-planned international airport hub will feature four runways, airside and landside facilities, and can accommodate up to 130 million passengers annually. The airport is expected to be on par with Singapore’s Changi International Airport, Hong Kong International Airport, and South Korea’s Incheon International Airport.
The selected JV partner will be providing the necessary equity investment and credit enhancements, and subject to a further competitive process or price test, perform engineering, procurement and construction (EPC) services for the land and airport development components of the project. In addition to the legal, technical and financial qualifications set by the Cavite government, the selected JV partner must also pass the credit standards of the project lenders.
The fully integrated Sangley Point International Airport is a key project under the government’s Build Build Build infrastructure development agenda and enforces the Japan International Cooperation Agency dream plan which aims to increase efficiency, mobility and quality of life in Metro Manila through a modern and well-coordinated transport system.
The target completion of the project’s first phase is planned for 2022 and will be able to accommodate 75 million passengers yearly. Project first phase is valued at USD 3 billion. The second phase of development will follow with target completion on 2028.
The deadline for the submission of proposals is on November 25.
The Government of the Philippines through the Department of Transportation (DoTr) has issued the notice of award to San Miguel Holdings Corp. (SMHC) for the development of a PHP 734 billion (US$14 billion) Bulacan International Airport project in the Central Luzon region 50 kilometers northwest of Manila.
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Makati city council in Philippines has approved the PHP 178 billion (US$ 3.5 billion) Makati intra-city subway PPP project on July 19, 2019. The project includes construction, operation, and management of an 11-kilometer subway with 8 to 10 stations that will serve two districts of Makati, located in the Metro Manila region of the Philippines. This will be the biggest PPP project for Makati city.
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The Philippine Government through its Department of Transportation (DoTR) has received the new draft of concession agreement submitted by the consortium of companies that seek to rehabilitate the Ninoy Aquino International Airport (NAIA).
Read moreThe Philippine´s Government is set to launch the Swiss challenge for the building and development of a New International Airport in Bulacan, a region in Central Luzon north of Manila.
The Department of Transportation will publish the Swiss Challenge documents for the PHP736 billion (US$14.18 billion) airport before the end of April 2019. A Swiss challenge will allow rival companies to challenge SMC’s proposal. The bidding rules give SMC a clear advantage as a preferred bidder since it will be given the right to match the best offer. The companies will have 60 days to give better offers than SMC´s proposal. Transportation Secretary Arthur Tugade said that “in the next 90 to 120 days you have the window upon which the formal and final approval of Bulacan airport would have been completed.”
Read moreThe North Luzon Airport Consortium (NLAC) has signed the concession agreement for the operations and maintenance of Clark International Airport (CIA), located 80km northwest of Manila, in the Central Luzon Region of the Philippines.
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