Seven buy bid papers for USD 10bn Philippines airport

18 November 2019 - 12:00 am UTC

Seven companies have bought bid documents for a USD 10bn airport proposed on the southern shore of the Philippines’ Manila Bay, a Cavite provincial government spokesperson told Inframation.

They Include local conglomerates Metro Pacific Investments and MacroAsia Corporation, Megawide Constriction Corporation, as well as Chinese infrastructure giant China Communications Corporation Company, the spokesperson said. She did not disclose other names.

Interested companies will have to submit joint venture (JV) proposals to the Cavite provincial government for the construction and finance of the USD 3bn first phase of the Sangley Point International Airport by 25 November.

“We are looking at potential partnerships, but we are studying the terms at this moment because the timelines are quite challenging,” Jim Feliciano, Megawide chief business development officer was cited as saying by the Philippines’ government news portal yesterday. 

Megawide is the private partner of the Philippines government for infrastructure projects such as the Mactan-Cebu International Airport and the Parañaque Integrated Terminal Exchange.

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