• Philippine Resources

Documents Submitted for P109-B NAIA Rehab

Additional documents have already been submitted for the P109-billion unsolicited proposal to transform and rehabilitate the Ninoy Aquino International Airport (NAIA) into a world-class airport.

This is according to the consortium of Megawide Construction and India’s GMR Infrastructure Ltd., which operates the Cebu airport, that submitted to the Manila International Airport Authority (MIAA) documents including the statement of joint and solidary liability from the Megawide-led consortium as the National Economic Development Authority (NEDA) has required.

The submission of requirements is a key requirement by GMR and Megawide for its goal of rehabilitating NAIA.

“The financial documents we submitted are sufficient to exclusively support the requirements of the NAIA project, said Megawide Managing Director for Transport Louie Ferrer. “With this, we are hopeful our proposal to rehabilitate and transform NAIA into a first-world airport complex can now be elevated to the Cabinet committee for approval and proceed to Swiss challenge. Infrastructure investment is critical for our country to build back from the economic crisis caused by the Covid-19 pandemic. We at Megawide are ready to do our part by providing employment and enhancing the Philippines’ competitiveness in infrastructure, especially airports.”

Last week, Megawide had a successful agreement with the Indian company - with the former controlling 60-per cent interest and the latter 40 per cent, making sure of a global experience in airport construction and designs.

“Our partnership with GMR is strong. Together, we delivered the transformation of Mactan- Cebu International Airport (MCIA) and the construction of Clark International Airport (CIA). Now, we are hugely excited to deliver a first-world NAIA that uplifts the travel experience for all Filipinos and provides a critical assist to the national government’s efforts to rebuild after the pandemic,” said Edgar Saavedra, Megawide chairman and chief executive officer.

Megawide looks forward to leveraging GMR with this project.

“In partnership with stakeholders, we transformed MCIA as the Philippines’ first world-class airport in decades,” Saavedra said. “A few months ago, we completed the new terminal at CIA, ahead of schedule and under budget. We are the only company in the Philippines with a successful track record in airport infrastructure and together with GMR, we hope to contribute our half a decade of expertise to our country’s main gateway.”


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