After Failed Bids from Private Sector, Government Might Rehabilitate NAIA On Its Own
The rehabilitation of the Ninoy Aquino International Airport has been on the table for years, but after two failed bids from the private sector, the government might just “do it on its own,” said finance secretary Carlos Dominguez.
Years of tumultuous planning and proposals have resulted in two failed bids, the first belonging to the “NAIA super consortium,” which was made up of the following conglomerates: Aboitiz InfraCapital Incorporated, Ayala-led AC Infrastructure Holdings Corporation, Andrew Tan-owned Alliance Global Group Incorporated, Lucio Tan’s Asia's Emerging Dragon Corporation, Filinvest Development Corporation of the Gotianun family, Gokongwei-led JG Summit Holdings, and Manny Pangilinan-chaired Metro Pacific Investments Corporation.
The P350 billion proposal deal fell apart in March when MPIC withdrew from the consortium due to disagreements on property tax. Then in July, Manila International Airport Authority (MIAA) withdrew the consortium’s Original Proponent Status (OPS).
"We said these are the rules, we want to reduce our contingent liability. It took them two years to look at it, then they said because of COVID they don't want it anymore," said Dominguez.
After the super consortium came Megawide-GMR’s P102 billion bid, which was riddled with doubt from the government’s side from the start. There were concerns that Megawide and GMR did not have the financial capability to see it through, which the consortium disputed.
“The law requires a certain level of capital which they did not have," said Dominguez.
"Make up your mind. If you want it, do it. If you don't, NAIA will do it on its own. It may not be as good as the private sector's plans, but those plans cannot be implemented anyway.”
Now it seems, the NAIA rehabilitation rests solely in the government’s hands until a new bidder steps forward.