Four bidders interested in Ninoy Aquino International Airport upgradation project
The transportation ministry has announced that four bidders are interested in an auction for the PHP 170.6 billion (US$3 billion) upgrade of its aging Ninoy Aquino International Airport (NAIA) in the Philippines.
The Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium, and SMC SAP & Co Consortium are among the firms that submitted bids. The transportation ministry anticipates granting the 15-year concession, extendable by an additional 10 years, in Q1. Despite its designed capacity of 32 million passengers, NAIA recorded a peak of 48 million passengers in 2019. The enhanced airport seeks to accommodate a minimum of 60 million passengers annually, up from the current 35 million. Previous efforts to modernize the airport faced setbacks due to disputes involving airport authorities, contractors, and potential bidders.
Country updates
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December 26, 2023
Bids invited for Negros Occidental Bulk Water Supply Project
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November 29, 2023
Comparative Proposals invited for US$422 million Highway extension PPP project in Philippines
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