THE bidding for the rehabilitation and upgrade of the Ninoy Aquino International Airport (NAIA) is now formally open, the government’s Public-Private Partnership Center (PPPC) announced on Wednesday, Aug. 23.
Both foreign and local parties are invited to bid for the contract to rehabilitate, operate, optimize and maintain the NAIA through a Rehabilitate-Operate-Expand-Transfer arrangement, the agency said.
Costing P170.6 billion, the project will be implemented by the Department of Transportation (DOTr) and the Manila International Airport Authority.
“This is in accordance with Republic Act No. 6957, as amended by Republic Act No. 7718, otherwise known as the Build-Operate-and-Transfer Law (BOT Law) and its Revised 2022 Implementing Rules and Regulations (IRR),” DOTr said.
A consortium made up of several of the Philippines’ biggest conglomerates earlier made an unsolicited proposal to rehabilitate NAIA and asked a 25-year contract.
NAIA is projected to become an engine of growth for the Philippines if the unsolicited proposal, with a 25-year concession agreement, will be approved, the Manila International Airport Consortium (MIAC) said.
It said that beyond the P267 billion upfront payment and capital investments, the government is projected to receive an additional P280 billion over the concession period for revenue sharing and taxes.
The rehabilitation is also projected to generate P446 billion in gross economic value, including P100 billion from gross value-add in tourism activities, P152 billion from increased passenger comfort, P60 billion from passenger time savings, P65 billion from aircraft decongestion savings and P65 billion from new local jobs, MIAC said. (ABS-CBN News)
