The unsolicited proposal by seven local conglomerates to upgrade and operate Manila’s Ninoy Aquino International Airport (NAIA) has received approval from the Department of Transportation.
Transportation Secretary Arthur Tugade said the department recommended to the Manila International Airport Authority (MIAA) to award to the NAIA Consortium an original proponent status.
An original proponent status gives the consortium a huge advantage in a Swiss Challenge process, which is mandated for unsolicited proposals. A Swiss challenge allows rival groups to submit better offers but the original proponent has the right to match the offers and thus win the project.
This development came after months of negotiations.
The NAIA Consortium — made up of Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group Inc., Asia Emerging Dragon, Filinvest Development Corp, JG Summit Holdings Inc. and Metro Pacific Investments Corp. — submitted its proposal last February.
MIAA General Manager Ed Monreal confirmed they received DOTr’s recommendation to adopt NAIA Consortium’s proposal.
Subsequent approvals from the National Economic and Development Authority are needed before a Swiss challenge can proceed, Monreal said.
Negotiations in recent months focused mainly on the concession period and the revenue sharing arrangement between the government and private partners.