Philippine conglomerates' proposal for Manila airport granted Original Proponent Status
The Aboitiz Group has announced that the government of the Philippines' Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have granted the “NAIA Consortium” Original Proponent Status (OPS) for its proposal to rehabilitate, upgrade, expand, operate, and maintain the Ninoy Aquino International Airport (NAIA) for 15 years.
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Country news
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July 02, 2018
IRC consortium cleared for Makati subway PPP
The Government of the Makati City has granted original proponent status to the unsolicited proposal of Philippine Infradev Holdings Inc (former IRC Properties Inc.) to establish and operate a subway system in the city.
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May 03, 2018
Philippines' BCDA launches tender for airport O&M PPP
The Bases Conversion and Development Authority (BCDA), in partnership with the Department of Transportation (DOTr) of the Government of the Philippines, has started the bidding process for the operations and maintenance (O&M) of the Clark International Airport, the next major gateway to the country and the region.
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March 08, 2018
Metro Pacific to issue US$115 million bonds to fund expressway projects
Metro Pacific subsidiary NLEX Corp., owner of several toll road projects in the Philippines, has announced plans to raise an initial PHP6 billion (US$115.38 million) from the sale of fixed rate bonds to refinance maturing debt. The company earlier said its board approved the shelf registration, public offer and issuance of fixed rate peso bonds worth PHP25 billion (US$480.77 million).
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March 05, 2018
Second unsolicited proposal for Manila airport redevelopment worth US$3 billion
A joint venture between Megawide Construction Corporation and GMR Infrastructure Limited has submitted a US$3 billion unsolicited proposal to rehabilitate, develop, operate and maintain Ninoy Aquino International Airport (NAIA) in Manila, capital city of the Philippines, for an 18-year period.
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February 15, 2018
US$6.7 billion unsolicited proposal for Manila airport PPP
A consortium consisting of seven of the biggest conglomerates in the Philippines has submitted to the Department of Transportation and the Manila International Airport Authority a proposal to rehabilitate and upgrade the Ninoy Aquino International Airport (NAIA), in Manila. The proposal requires a total investment of PHP350 billion (US$6.7 billion).
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