Ayala-led group shows interest in NAIA modernization READ MORE:
Ayala chief finance officer Alberto de Larrazabal said in a recent interview the conglomerate was looking at the project, together with other members of the NAIA Consortium.
The NAIA Consortium, which included Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp. and JG Summit Holdings Inc., submitted a proposal to rehabilitate NAIA for P102 billion in 2018.Members of the consortium dropped the project after two years of negotiations over unresolved issues with the government and the financial viability of the project amid the pandemic.
The project aims to alleviate the worsening air traffic congestion at the main gateway and resolve capacity constraints by reconfiguring and renovating facilities and enhancing operation and maintenance. This will allow for the accommodation of more traffic.
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