Thursday, September 24, 2020

India’s GMR Group no longer interested in Megawide’s NAIA expansion, says Nograles

Manila: Party-list Rep. Jericho Nograles has urged the Department of Transportation and the Manila International Airport Authority (MIAA) to deny Megawide Construction Corporation’s proposed expansion of the Ninoy Aquino International Airport (NAIA) since its consortium partner is no longer interested with the project.

In a statement on Thursday, Nograles bared that the Indian infrastructural conglomerate GMR Group is no longer part of the consortium of Megawide which entered into contract with government to expand NAIA.

“The NAIA proposal is no longer with GMR-Megawide but with Megawide alone. GMR will not put a cent to the project. Government is aware of this. In fact, it was MIAA who informed the National Economic Development Authority (NEDA) on August 13 of that fact,” said Nograles, representative of PBA Party-list.

Norgrales has called out the leadership of MIAA since despite MIAA’s clear knowledge that GMR is no longer involved in the expansion project, it still decided to proceed with the P107-billion project with Megawide which would ultimately turn the NAIA into privately run airport for the next 25 years.

The lawmaker warned the proceeding with the project despite the withdrawal of the Indian conglomerate would only cost “higher terminal fees and other airport services.”

He noted that last August 24, the National Economic Development Authority’s (NEDA) Investment Coordination Committee (ICC) asked MIAA formally flagging Megawide as having inadequate equity for the project.

24/09/20 Politiko

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