Consortium drops NAIA airport project
The consortium of Philippine's biggest conglomerates dropped their proposal of the redevelopment of the Ninoy Aquino International Airport (NAIA) project amid coronavirus pandemic.
The consortium consists of JG Summit Holdings Inc, Alliance Global Group Inc, Filinvest Development Corp, Aboitiz Equity Ventures Inc, Ayala Corp, and LT Group Inc.
Due to reduced global air travel, the consortium has proposed the government changes to the project to keep it viable in the current situation. However, the government has not accepted the proposed options and the project can go ahead only under the original options.
Country updates
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June 01, 2020
Sumitomo acquires 19.2% stake in LRT 1 project in Manila
Sumitomo Corporation has indirectly acquired about 19.2% share of Light Rail Manila Corporation (LRMC), which undertakes operation and maintenance of the Manila Light Rail Transit System Line 1 (LRT-1...
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May 29, 2020
Deadline extension for Lumbo Spring Bulk Water Supply project
The San Pablo City Water District (SPCWD) and Dolores Water District (DWD) in Laguna, Philippines have extended the deadline to submit the bids for Lumbo Spring Bulk Water Supply Project. The project...
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May 19, 2020
Philippines to review 'Build Build Build' program project list
The government of the Philippines is currently reviewing 'Build Build Build' infrastructure program project pipeline. The projects having a higher potential to revive the economy amid COVID-19 pandemi...
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May 19, 2020
Philippine published PPP talk report for rise of local PPPs
The public-private partnership center in Philippine has published a PPP talk report with the subject of the rise of local PPPs. In line with the Duterte Administration’s thrust of regional devel...
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April 08, 2020
PDMF approves funding for two PPP projects in Philippines
The Project Development and Monitoring Facility (PDMF) Committee convened on March 11, 2020, and approved the project preparation and transaction advisory support through the PDMF for two potential pu...
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