New consortium submitted proposal for upgrade of Ninoy Aquino International Airport
The Manila International Airport Consortium (MIAC) consisting of 6 Philippine conglomerates and a US-based partner has submitted an unsolicited proposal for the upgrading of Ninoy Aquino International Airport (NAIA).
The PHP100 billion (US$1800 million) proposal, entails a substantial initial payment to the government, as well as pledged investments in cutting-edge technology and new infrastructure to elevate NAIA to a top-notch airport. MIAC is composed of Aboitiz InfraCapital, Inc.; AC Infrastructure Holdings Corp.; Asia’s Emerging Dragon Corp.; Alliance Global – Infracorp Development, Inc.; Filinvest Development Corp.; JG Summit Infrastructure Holdings Corp.; and US-based Global Infrastructure Partners.
Airports currently and previously owned or operated by members of MIAC include Mactan-Cebu, Clark, London Gatwick, Edinburgh, London City and Sydney airports.
Country updates
-
-
April 20, 2023
GSIS invests US$300 million in GIP Emerging Markets Fund
Government Service Insurance System (GSIS) has signed an agreement with Global Infrastructure Partners (GIP) for investment commitment. Under the agreement, GSIS will invest US$300 million in th...
Read more -
April 12, 2023
Contract secured for Cavite-Batangas Expressway (CBEX) project in Philippines
San Miguel Corp. has secured the concession to put up the PHP27 billion (US$491 million) Cavite-Batangas Expressway (CBEX) through an agreement with the Cavite government in the Philippines. CBEX wil...
Read more -
March 29, 2023
Agreement signed for USD822 million Expressway PPP Project in Philippines
The provincial government of Batangas has granted San Miguel Corporation (SMC) a 35-year concession to design, build, operate, and maintain a 4-lane, 61-km toll road in Batangas, Philippines. &n...
Read more -
March 16, 2023
Tender launched for 25 MW solar farm project in New Clark City
Bases Conversion and Development Authority (BCDA) has issued an Expression of Interest (EOI) for the establishment of a solar photovoltaic power plant in New Clark City (NCC), Capas, Tarlac,...
Read more -
February 27, 2023
Multimillion Funding approved for regional rail feasibility studies in Philippines
The Project Development and Monitoring Facility (PDMF) has approved funding for feasibility studies for 2 proposed regional rail projects in the Philippines.
Read more
