Connect with us

Business and Economy

Metro Pacific still interested to bid for Clark Airport dev’t project

Published

on

The Metro Pacific Investments Corp. (MPIC) still remains interested to participate in the development of the Clark International Airport. (PNA photo)

The Metro Pacific Investments Corp. (MPIC) still remains interested to participate in the development of the Clark International Airport. (PNA photo)

MANILA—The Metro Pacific Investments Corp. (MPIC) still remains interested to participate in the development of the Clark International Airport.

MPIC Chairman Manuel V. Pangilinan said MPIC had submitted its proposal to rehabilitate and expand the Clark Airport despite the government’s preference to take charge of the project and bid out its operation and maintenance (O&M) to the private sector.

“I think our proposal is to rehabilitate and expand Clark. So it’s not just an O&M, but we’re obviously aware that the government would just wish to do Clark by themselves and just bid out the O&M. We just felt like we need to put our stake on the ground and see where it goes,” Pangilinan said in an interview with reporters late last week.

He said the company was interested to bid for the operation and maintenance of the Clark International Airport.

The Department of Transportation (DOTr) earlier said that it would no longer entertain unsolicited proposals from the private sector for the construction of a new passenger terminal at the Clark International Airport and just bid out the operations and maintenance of the airport in the future.

The Duterte administration is pushing for the hybrid mode of implementation where the government will develop infrastructure projects and bid out the operations and maintenance to the private sector. This will enable government to fast-track projects without the risk of delay brought about by possible lawsuits filed by losing bidders.

The DOTr will inform Megawide-GMR and JG Summit-Filinvest, which submitted their respective unsolicited proposals on the Clark airport development of the new policy.

Megawide Construction Corp., along with its existing joint venture partner, Bangalore-based airport operator GMR Infrastructure Ltd. has submitted a USD 5-billion proposal last year to develop Clark airport. The Filinvest Group and JG Summit Holdings, Inc. also presented a USD 3.7-billion unsolicited proposal for the expansion and upgrade of the gateway in Pampanga.

The government envisions the Clark International Airport to serve as an alternative gateway to the congested Ninoy Aquino International Airport in Metro Manila.

The Clark International Airport expansion project aims to construct a new passenger terminal building to accommodate 8 million passengers annually as well as the construction of all required facilities to support its operations.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle2 weeks ago

Never Settle For Less Than You Are

Before I became a mother, before I became a wife, before I became a business partner to my husband, I...

Lifestyle4 weeks ago

Celebrating My Womanhood

The month of March is all about celebrating women and what better way to celebrate it than by enjoying and...

Lifestyle2 months ago

Maria’s Funny Valentine With An Ex!

Maria in Vancouver can’t help but wonder: when will she ever flip her negative thoughts to positive thoughts when it...

Lifestyle2 months ago

The Tea on Vancouver’s Dating Scene

Before Maria in Vancouver met The Last One seven years ago and even long before she eventually married him (three...

Lifestyle3 months ago

How I Got My Groove Back

Life is not life if it’s just plain sailing! Real life is all about the ups and downs and most...

Lifestyle3 months ago

Upgrade Your Life in 2025

It’s a brand new year and a wonderful opportunity to become a brand new you! The word upgrade can mean...

Maria in Vancouver4 months ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle4 months ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle5 months ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle5 months ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...