Deadline extended in USD10bn airport tender in the Philippines
The Government of Cavite in the Philippines has extended the deadline for the request for proposals in a tender for USA 10 billion Sangley International Airport PPP project in Cavite.
The original tender deadline for the airport in Manila Bay was on November 25. It has now been moved to December 17.
The new international airport is proposed to be developed on a 1,500-hectare site, it will have four runways and will handle around 130 million passengers. The proposed concession period is 50 years. The project will transform the existing Sangley Airport into an international air hub. The project also entails the development of airside and landside facilities as well as transportation infrastructure to service the passengers and ensure accessibility to the 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 tender was launched on October 11. The deadline was extended on the request of some tender participants who needed extra time to prepare their proposals.
Seven companies have acquired a joint venture document. Some of them are also participating in the tender for the upgrade and operation of Ninoy Aquino International Airport (Naia). The following companies are interested in the development of the Sangley airport: China Communications Construction Co., Metro Pacific Investments Corp., MacroAsia Corp., Prime Asset Ventures, Philippine Airport Ground Support Solutions Inc., Langham Properties Inc., Mosveldtt Law Offices. Megawide Construction Corp. together with India’s GMR Infrastructure previously disclosed that they have acquired access to joint venture documents.
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October 23, 2019
Major Airport development tender in the Philippines
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.
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August 23, 2019
USD14bn airport project awarded in the Philippines
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$14 billion) Bulacan International Airport project in the Central Luzon region 50 kilometers northwest of Manila.
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July 25, 2019
USD3.5bn intra-city subway project in Philippines approved
Makati city council in Philippines has approved the PHP 178 billion (US$ 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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May 09, 2019
Draft agreement being reviewed for the International Airport in the Philipines
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).
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April 12, 2019
Philippines to launch Swiss challenge for US$14 billion Bulacan Airport
The 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.”
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