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Türkiye-based Limak Group is the eighth company that has bought bid documents for the P170.6-billion Ninoy Aquino International Airport rehabilitation project
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Limak Holding A.S. is involved in the business of construction, energy, cement, and tourism
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The Department of Transportation plans to award the project contract in early 2024
Turkiye’s Limak Group joined the bid for the P170.6-billion Ninoy Aquino International Airport rehabilitation project, Transport Secretary Jaime Bautista said in an Economic Journalists Association of the Philippines forum.
A conglomerate involved in construction, energy, cement and tourism, Limak Holding A.S. is the eighth outfit to buy bid documents. Another Turkish firm, Cengiz Insaat Sanayi ve Ticaret A.S., bought bid documents earlier along with Asian Airport Consortium, South Korea’s Incheon International Airport Corp., India’s GMR Group, Manila International Airport Consortium, San Miguel Corp., and Spark 888 Management Inc.
Bautista said they are currently holding individual meetings with potential bidders and expect the bidders to submit their proposals by December 27.
He added the Department of Transportation (DOTr) targets to award the rehabilitation project in the first quarter of 2024 and finalize payment of an upfront fee of P30 billion in the second quarter next year.
DOTr and Manila International Airport Authority began the search for bidders for the 15-year contract in August. The concession period may be extended by another 10 years.
The contract covers rehabilitation, expansion, and operation of the country’s main gateway to address such issues as insufficient capacity in passenger terminal buildings and limited aircraft movement.
The winning bidder will have to upgrade passenger terminals, airside facilities, develop commercial assets, utility systems, and provide access facilities for intermodal transfers, inter-terminal passenger transfer facilities, and services.
The project aims to increase NAIA’s current annual capacity to at least 62 million passengers, up from 35 million, and increase air traffic movement from 40 to 48 per hour.
The contract will fall under a rehabilitate-operate-expand-transfer arrangement, in accordance with Republic Act No. 6957, as amended by Republic Act No. 7718, otherwise known as the Build-Operate-and-Transfer Law, and its 2022 revised implementing rules and regulations.
The concession agreement requires an upfront payment of P30 billion after awarding the contract, an annual fixed annuity payment of P2 billion, and a government share of gross revenue (excluding passenger service charge revenue) based on the percentage share bid by the concessionaire.
Key dates in this process include a pre-bid conference on September 22, requests for site visits from August 28 to November 14, and one-on-one meetings with prospective bidders in two rounds, during October and November.
The DOTr Pre-Qualification, Bids and Awards Committee eyes the issuance of the final bid bulletin and concession agreement’s final version on December 4, with the bid submission date set for December 27.
