• Philippine Resources

NEDA committee approves proposed NAIA rehab project

A consortium of big businesses might soon be able to push through with its plans to improve the Ninoy Aquino International Airport (NAIA).

The National Economic and Development Authority (NEDA) Board’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) approved on September 27 the unsolicited proposal to rehabilitate NAIA by the NAIA consortium.

The NAIA consortium is composed of Aboitiz InfraCapital, Inc.; AC Infrastructure Holdings Corp.; Alliance Global Group, Inc.; Asia’s Emerging Dragon Corp.; Filinvest Development Corp.; JG Summit Holdings, Inc.; and Metro Pacific Investments Corp.

It had submitted its proposal to the Department of Transportation (DoTr) on April 26.

The proposal came with a ₱102 billion contract to take on NAIA repairs for 15 years.

Following the approval, the DoTr can start drafting the terms of reference for the project. It would then be subjected to a Swiss challenge, where other firms would be given a chance to submit a competitive proposal for the same project. The contract would be formally awarded to the consortium if their proposal continues to be the better deal.

The NEDA ICC-CabCom also recently approved the following projects:

  • - the Pasacao-Balatan Coastal Tourism Highway to be implemented by the Department of Public Works and Highways (DPWH);

  • - the Proposed Aqueduct No. 7 of the Metropolitan Waterworks and Sewerage System to improve water transmission from Ipo Dam to La Mesa Dam;

  • - additional financing of approximately ₱11.46 billion from the Asian Development Bank for infrastructure;

  • - a ₱27.92 billion project to hasten the awarding of lands by the Department of Agrarian Reform, to be funded by a World Bank Loan;

  • - the local governance reform sector development project of the Department of Finance;

  • - a Department of Health and United States Agency for International Development (USAID) project on bringing health services to underserved Filipinos;

  • - a two year extension of a World Bank Loan for the Department of Agriculture Philippine Rural Development Project; and

  • - one year extensions for several bilateral agreements between the Philippines and the United States.

Source: https://cnnphilippines.com/business/2019/10/1/neda-naia-consortium.html


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