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The facade of Terminal 3 of the Ninoy Aquino International Airport. (Photo: Mithril Cloud via Wikimedia Commons)

NAIA rehab deal terminated

The big-ticketed consortium that wants to rehabilitate and redevelop the Ninoy Aquino International Airport (NAIA) has formally accepted the termination of the original proponent status (OPS) and other approvals earlier granted to them.

The consortium informed the Philippine Stock Exchange that they received a letter from the Manila International Airport Authority (MIAA) dated July 10, saying it is “terminating any further negotiations with the consortium on the NAIA unsolicited proposal.”

The MIAA responded to the consortium’s July 6 letter to the National Economic and Development Authority (NEDA) that the consortium will have difficulty obtaining financing for the proposal unless the terms and conditions are revised.

Department of Transportation (DoTr) Assistant Secretary for Procurement and Project Implementation Ruben Reinoso gave confirmation but refused to elaborate on the withdrawal of negotiations.

Department of Finance (DoF) Secretary Carlos Dominguez III earlier said the DoTr is talking with two other investors on the much delayed plan to decongest the country’s main gateway.

Dominguez said the two unidentified project proponents are willing to sign an agreement with the government which is very similar to the terms originally set forth under the NAIA rehabilitation project.

“We’re not worried… We believe these other two proponents are willing to step up to the plate here,” he said.

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