Three potential bidders, including India's GMR Group, are interested in the project to modernize the Ninoy Aquino International Airport. The winning bidder will operate and maintain the airport for 25 years.
JAKARTA, Indonesia – A P170.6-billion project to modernize the main international airport in the Philippines has attracted three potential bidders, including India’s GMR Group, the Philippine transportation secretary said on Wednesday, September 6.
Bautista said the government would try to find overseas investors through two roadshows, in Singapore next week and in Paris in the third week of September, before opening bidding in the last week of December, and naming a winner in January.The winning bidder must then operate and maintain the airport, the capacity of which would be doubled afer the upgrade to about 60 million passengers a year, Bautista said, adding the concession period being offered was 25 years.
“This is more to give them information and we will need to do further communication with the audience,” he said.The Philippines has set an internal deadline to renegotiate Chinese loans for three railway projects worth $4.9 billion, at the end of December, Bautista said, adding that in parallel, the government had been talking to other possible investors.
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