Tuesday 18 December
Dec 21, 2017 @ 15:52

‘Super consortium? ready to rumble in NAIA upgrade race


Seven of the country?s corporate giants have formalized their partnership with the creation of a super consortium that will rehabilitate and operate the Ninoy Aquino International Airport through an unsolicited proposal submitted to the government.

These include Aboitiz InfraCapital, Inc., Ayala family?s AC Infrastructure Holdings Corp., Andrew Tan?s Alliance Global Group, taipan Lucio Tan?s Asia?s Emerging Dragon Corp., Gotianuns? Filinvest Development Corp., tycoon John Gokongwei?s JG Summit Holdings, and business magnate Manuel V. Pangilinan-led Metro Pacific Investments Corp.

The super consortium has filed its unsolicited proposal to the Department of Transportation in line with efforts to help accelerate the Duterte administration?s Build Build Build program.

?The consortium believes that the NAIA will continue to be a strategic gateway for our country and a key hub of airline operations for many more years,? the group said in a joint statement.

Given proper upgrades and strategic improvements, NAIA can easily accommodate an additional 11 million passengers annually from the current 39.5M passengers, and can increase its hourly aircraft movements (landing and take-off) from 40 movements per hour to 48 movements per hour.

?The consortium will work with foreign technical partners with proven world class track records and experiences in airport operations to improve, upgrade, and enhance the operational efficiencies of NAIA covering both landside and airside facilities,? the consortium said.

?Augmenting NAIA?s capacity is the quickest way to address airport congestion while other airports are being developed outside Metro Manila. The consortium believes that this approach promotes greater economic benefit and sustainability for the whole country,? it added.

Please follow and like us:

Tags: , , , , , , , , , , , , , , , , , , , ,

Related Stories
The Department of Transportation has declared complete the unsolicited proposal submitted by the super consortium,
Japan snack maker Calbee killed its 50-50 potato chip partnership with bilyonaryo Lance Gokongwei's Universal
The National Hockey League announced a sports betting partnership Monday with MGM Resorts, following the
Century Properties Group of former Ambassador Jose E.B. Antonio will be opening its P1 billion


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.