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Four consortiums bid for the P170.6-billion NAIA rehabilitation and operation project
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The four are Asian Airport Consortium, GMR Airports Consortium, Manila International Airport Consortium, and SMC SAP & Co. Consortium
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The 15-year contract focuses on NAIA’s rehabilitation and expansion to resolve capacity issues
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The Department of Transportation aims to award the project in the first quarter of 2024
Four consortiums submitted bids for the P170.6-billion rehabilitation and operation of Ninoy Aquino International Airport (NAIA).
Asian Airport Consortium (AAC), GMR Airports Consortium, Manila International Airport Consortium (MIAC), and SMC SAP & Co. Consortium presented their bids during the December 27 bid opening.
MIAC is composed of GIP EM MIAC Pte. Ltd., Aboitiz InfraCapital, Inc., AC Infrastructure Holdings Corp., Asia’s Emerging Dragon Corp., Alliance Global – Infracorp Development Inc., Filinvest Development Corp., and JG Summit Infrastructure Holdings Corp.
AAC consists of Asian Infrastructure and Management Corp., Cosco Capital, Inc.; Philippine Skylanders Int’l, Inc.; and PT Angkasa Pura II.
GMR is composed of GMR Airports International B.V., Cavitex Holdings, Inc.; and House of Investments, Inc.
SMC SAP, meanwhile, consists of San Miguel Holdings Corp., RMM Asian Logistics, Inc.; RLW Aviation Development Inc., and Incheon International Airport Corp.
Eight entities acquired bid documents initially; the other four were South Korea’s Incheon International Airport Corp., Spark 88 Management Inc., and Turkish firms Limak Holding A.S., and Cengiz Insaat Sanayi ve Ticaret A.S.
The December 27 opening of bids identified the qualification of each bidder, with the technical and financial aspects to be determined after, according to the Department of Transportation (DOTr).
Transport Secretary Jaime Bautista earlier said DOTr targets to award the rehabilitation project by the first quarter of 2024 and reach the “financial close” or payment of upfront fee of P30 billion in the second quarter next year.
The 15-year contract involves the rehabilitation, expansion and operation of NAIA to address longstanding issues of inadequate capacity of passenger terminal buildings and restricted aircraft movement.
The project aims to increase the current annual capacity of NAIA to at least 62 million passengers from 35 million, and increase air traffic movement from 40 to 48 per hour.
The contract adheres to Republic Act No. 6957, as amended by Republic Act No. 7718 (Build-Operate-and-Transfer Law), and its 2022 revised implementing rules and regulations.
Under a rehabilitate-operate-expand-transfer arrangement, the winning bidder has 15 years to enhance airport passenger terminals, airside facilities, develop commercial assets and utility systems, and provide surface access facilities for intermodal transfer, inter-terminal passenger transfer facilities, and services, among other obligations.
The concession period may be extended by another 10 years. The concession agreement mandates an upfront payment of P30 billion post-awarding of contract, a fixed annuity payment of P2 billion annually, and a government share of gross revenue—excluding passenger service charge revenue—based on the percentage share bid by the concessionaire.
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