MANILA, Philippines - Diversified conglomerate San Miguel Corp. (SMC) said it remains interested in bidding for the P10-billion Mactan-Cebu airport project amid reports it might be disqualified.
“From our review of the invitation to bid (ITB) issued by the Department of Transportation and Communications (DOTC) for the project, the company satisfies the criteria for participants in the bidding process,” the company said in a disclosure to the stock exchange.
“Should there be a need to seek any clarification of the provisions contained in the ITB, the company shall submit the appropriate request to the DOTC,” SMC added.
Companies with minority shares in airline firms will reportedly be disqualified in the expansion and management contract of the international airport.
Several companies, including SMC, Gokongwei-led JG Summit Holdings Inc., the tandem of Ayala Corp. and Aboitiz Equity Ventures Inc., as well as Metro Pacific Investments Corp. have expressed interest in the airport project.
SMC and JG Summit own shares in flag carrier Philippine Airlines and budget carrier Cebu Pacific, respectively.
The Aquino administration is set to award the contract for the Mactan-Cebu International Airport project in September to cope with the growing number of tourists using the gateway to enter the country.
The project involves the construction of a new passenger terminal; rehabilitation and expansion of the existing terminal; operation, maintenance and management of the terminals.
A pre-qualification conference is scheduled on Jan. 28 and prospective bidders are required to submit their qualification documents on or before Feb. 28.
The Pre-qualification, Bids and Awards Committee will then require pre-qualified bidders to submit both technical and financial proposals, a bid security, as well as other supporting documents on Aug. 2 that would be evaluated by the committee.
The Mactan-Cebu International Airport is situated in a 797-hectare property and has a single 3,300-meter runway complemented by a full-length taxiway.
The terminal building has a capacity of handling 4.5 million passengers annually on two wings, the domestic wing and the international wing. It is a major trade center in the south for both domestic and international traffic.