MANILA, Philippines - The Department of Transportation and Communications (DOTC) said it will try to bid out the Mactan-Cebu international airport project by next month.
In an advisory, Transportation undersecretary Jose Perpetuo Lotilla said the submission of bids will be scheduled a week after the National Economic and Development Authority (NEDA) confirms the revised concession agreement for project.
The P17.5 billion project initially failed to get approval for amended terms as a public private partnership (PPP) project.
These terms need the approval of the NEDA, which failed to meet Wednesday this week, as the government focused on relief operations for typhoon victims in the Visayas.
Some of the amended terms cover a longer concession period - from 20 to 25 years; the liability for real property tax and the handling of operations.
Among the prequalified bidders are the Ayala and Aboitiz group, the Filinvest-CAI consortium with Singapore's Changi airport, and First Philippine Airports under the Lopez Group with New Zealand's Infratil Asia Ltd.