Filipino firm MacroAsia Corporation and its partner China Communications Construction Co. Ltd. (CCCC) are poised to bag the construction of a $10-billion airport in the Philippines.
This after the consortium—which includes the Cavite provincial government—emerged as the sole bidder for the transformation of the Sangley Point Airport in Cavite City, Cavite into a world-class gateway.
The auction was opened to private firms on Tuesday, December 17.
“Upon perusal of their submission, their joint venture proposal was deemed complete, subject to detailed evaluation by the PPP (Public Private Partnership) selection committee,” Jesse Grepo, legal officer and secretary of the local government’s PPP committee, was quoted as saying.
With no contenders, the consortium is poised to win the project by default. It is no longer required to seek approval of the National Economic and Development Authority given its partnership with the Cavite provincial government.
Grepo said awarding is likely to happen on January 15, 2020 after a thorough review by the committee.
Should all technical and financial requirements be met, the consortium would be allowed to immediately break ground for the project.
The Philippine government has long pushed for the development of the country’s airfields to help decongest the ailing Ninoy Aquino International Airport (NAIA) which has been servicing more than its designed capacity. The airport will be catered to passengers from the southern part of Metro Manila.
The Sangley Airport would require 1,400 hectares of reclaimed land around the Danilo Atienza Air Base. It is expected to feature four runways and terminals capable of accommodating 100 million passengers annually.
Another airport seen to help NAIA is the planned $14.5-billion New Manila International Airport in Bulacan province which will be built by conglomerate San Miguel Corporation.
For NAIA, the consortium composed of the Philippines’ seven largest conglomerates obtained the green light to redevelop the main gateway late in November.
The NEDA’s green light was the last approval neeed, after which it will undergo a competitive where more private firms will be invited to top the proposal.
The consortium is composed of Ayala Corp., Aboitiz Group’s Aboitiz InfraCapital Inc., Andrew Tan’s Alliance Global Group Inc., Lucio Tan-led Asia’s Emerging Dragon Corp., the Gotianuns’ Filinvest Development Corp., the Gokongwei Group’s JG Summit Holdings Inc. and Pangilinan-led Metro Pacific Investments Corp.
Should there be no bidder within the given time frame, the NAIA consortium will be allowed for groundbreaking so long as the consortium secures the Department of Transportation’s notice to proceed. The consortium will be given a 15-year concession period.
PHOTO COURTESY: DEPARTMENT OF TRANSPORTATION