Saturday, December 14, 2013

Mactan airport bidders to keep groupings for other PPP projects

Major conglomerates that participated in last week’s P17.5-billion Mactan Cebu International Airport concession auction are looking forward to other airport Public Private Partnership (PPP) deals that will likely be offered by the transportation department next year.
This follows the strong interest in the Mactan Cebu International Airport, which drew bids from seven of the country’s biggest conglomerates and their respective international foreign airport-operator partners.
Gokongwei-led JG Summit Holdings Inc. and Metro Pacific Investments Corp., as well as the Mactan Cebu Airport’s likely winner, Megawide Construction Corp. and India’s GMR Infrastructure, said they would retain their respective consortiums for upcoming airport PPPs.
San Miguel Corp., which teamed up with South Korea’s Incheon for the Cebu airport deal, was also keen on participating in other airport projects that will be auctioned off, president Ramon Ang said earlier.
The transportation department and PPP Center are considering holding in early January next year an investors’ conference for other airport deals in the pipeline, PPP Center executive director Cosette Canilao said.
15/12/13 Miguel R. Camus/Philippine Daily Inquirer
To Read the News in full at Source, Click the Headline