San Miguel Corp. (SMC), GMR Group, and Manila International Airport Consortium (MIAC) are the leading potential bidders for the P170.6-billion Ninoy Aquino International Airport (Naia) rehabilitation project. This project is expected to have a significant payoff as the aviation sector continues to recover.
The Department of Transportation (DOTr) announced that five parties have purchased the bid documents for the public-private partnership project.
SMC is currently developing the New Manila International Airport in Bulacan, which has a design capacity of up to 100 million passengers annually. This airport is expected to decongest Naia, which is the country’s main gateway.
GMR, an Indian infrastructure developer, was part of the team that built the Mactan-Cebu International Airport.
MIAC previously submitted a P267-billion proposal for the Naia rehabilitation. Their proposal includes introducing modern technology to shorten passenger processing time, such as automated boarding gates and self check-in and bag-drop upgrades.
The consortium includes 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 Global Infrastructure Partners.
“We are currently assessing these to determine the consortium’s next steps,” MIAC said in a statement.
Other entities who purchased bid documents were Spark 888 Management Inc. and Asian Airport Consortium.
Further details about these parties have not been disclosed.
According to the invitation to bid, interested parties can access the concession agreement and other documents upon payment of a P2.75-million participation fee.
A prebid conference is scheduled for Sept. 22, and bids must be submitted by Dec. 27.
In August, the DOTr officially opened the bidding process for the Naia upgrade project. They aim to award the contract by the first quarter of next year.
The chosen private sector partner will receive a 15-year concession agreement, extendable by another 10 years. They will make an upfront payment of P30 billion and pay an annual fixed payment of P2 billion to the Manila International Airport Authority.
The project includes the rehabilitation of passenger terminals and airside facilities, as well as the provision of facilities for intermodal transfer and connection to the Metro Manila Subway.