Gov’t withdraws original proponent status to NAIA Consortium

July 9, 2020

The government has withdrawn the original proponent status granted to NAIA Consortium for the upgrade of Ninoy Aquino International Airport (NAIA).

“Upon the recommendation of the NAIA government negotiating panel, the Manila International Airport Authority (MIAA),  on July 7, 2020, has terminated negotiations with the NAIA Consortium and withdraws/revokes its original proponent status (OPS),” the Department of Transportation said in a statement.

In a letter sent to NEDA last July 6, the NAIA Consortium said they will have difficulty obtaining financing for the NAIA Rehabilitation Project under terms and conditions as approved by the Investment Coordination Committee (ICC) and the NEDA Board, unless such terms and conditions are revised in accordance with their proposal.

The P102-billion NAIA rehabilitation project was proposed by NAIA Consortium   consisting of Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp. and JG Summit Holdings Inc.

Metro Pacific Investments Corp. earlier backed out from the consortium over unresolved issues with the government.

Finance Secretary Carlos Dominguez III earlier said that the transportation department was in talks with two more potential proponents for the NAIA project. DMS