Pre-qualification Set for Airport PPP Projects

Prospective bidders have until July 27, Monday, to submit pre-qualification requirements for the bundled airport projects under Public-Private Partnership (PPP) program. Foreign and local investors are invited to pre-qualify and bid in the five regional airports PPP projects: Bacolod-Silay, Iloilo (Bundle 1), Davao, Laguindingan, and New Bohol (Panglao) (Bundle 2) with an estimated total cost of Php 108.19 billion (USD 2.40 billion).

Since the projects were rolled out last December 15, 2014 by the Department of Transportation and Communications (DOTC), six groups have applied to pre-qualify and bid:

1. GMR-Megawide

2. Metro-Pacific – JG Summit Consortium

3. Aboitiz Equity Ventures

4. San Miguel Corp.

5. Philippine Skylanders Inc.

6. Union Equities

These PPP projects involve the development, operations and maintenance of the five regional airports. The private partner will provide additional facilities and other necessary improvements to enhance passenger safety, security, access, passenger and cargo movement efficiency, and operational efficiency as well as actively market the airports in order to develop direct international passenger traffic and diversify revenue sources.

Source: www.pdic.gov.ph