With the government proposal getting the green light, the unsolicited proposal of a consortium is 'de facto closed.'
of the Manila International Airport Consortium , Balisacan said it is “de facto closed.”
MIAC is composed of Aboitiz InfraCapital, AC Infrastructure, Asia’s Emerging Dragon Corporation, Alliance Global-InfraCorp Development, Filinvest Development Corporation, JG Summit Infrastructure Holdings Corporation, and Global Infrastructure Partners.Transportation Secretary Jaime Bautista had said in a
interview on Tuesday, July 18, that MIAC’s unsolicited proposal differed from the solicited proposal in terms of revenue sharing and timing of investments.The government is also asking the private sector to pour in more cash for the first five years of the rehabilitation. Bautista said this ensures that changes would be more evident and immediate.Another new project approved by the NEDA Board is the Samar Pacific Coastal Road II Project, which amounts to P7.48 billion.
The P12.75-billion unsolicited proposal for the upgrade, expansion, operation, and maintenance of the Laguindingan International Airport in Misamis Oriental was also given the nod. “The project aims to integrate concepts of ‘green’ and ‘connected’ airports into its design and operation and use digital technologies to enhance the passenger experience. This project will be implemented by the DOTr and the Civil Aviation Authority of the Philippines,” Balisacan said.
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