The Department of Transportation has sold bidding documents to six firms so far for the privatization of the Ninoy Aquino International Airport, enticing the interest of aviation players as far as Turkey.
Transportation Secretary Jaime Bautista said at least six companies, both local and international have bought bid documents for the rehabilitate-operate-expand-transfer project for NAIA.MANILA, Philippines — The Department of Transportation has sold bidding documents to six firms so far for the privatization of the Ninoy Aquino International Airport , enticing the interest of aviation players as far as Turkey.
The Manila International Airport Consortium bought on Aug. 29, while Spark 888 Management purchased on Sept. 11. The DOTr also released bidding papers to Asian Airport Consortium, but has yet to divulge who makes up the group. At the pre-bid conference for the project, Bautista pitched NAIA as an investment opportunity given its scale as the fifth busiest airport in Southeast Asia.
“The concessionaire will undertake critical tasks, such as construction, supply of equipment, the operation of facilities and maintenance. Government will also benefit from an upfront payment, a fixed annual payment and enables the participation in the upside potential through a share in the gross revenue, excluding the passenger service charge,” Bautista said.
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