MANILA -- The consortium of Megawide-GMR on Friday said government has granted it "original proponent status," paving the way for rehabilitation of the country's main international gateway.
In a letter dated July 15, 2020, Megawide Construction Corp. told the stock exchange that the Manila International Airport Authority (MIAA) has granted its consortium "original proponent status" for the upgrade and rehabilitation of the Ninoy Aquino International Airport Authority (NAIA).
Megawide-GMR also operates the Mactan-Cebu International Airport.
“Our team has transformed MCIA as primarily the country’s top tourism gateway. We aim to contribute our experience in airport development and value engineering to the long-awaited resurgence of NAIA,” Megawide managing director for Transportation Louie Ferrer.
“We believe in the potential of NAIA and we see its vital role in our economy’s recovery and continuing development. As our main gateway, it is a symbol of our Philippine identity and its rehabilitation will be a big step towards achieving our vision of a First-World Philippines,” he added.
The MIAA earlier said it terminated negotiations and revoked the original proponent status granted to the NAIA Consortium, made up of the country's biggest conglomerates.
Ayala's AC Infrastructure Holdings Corp, JG Summit, LT Group, Filinvest Development Corp, Alliance Global Group Inc, and Aboitiz Equity Ventures form the NAIA 'super consortium.'
The consortium earlier notified government that it was facing difficulty in obtaining financing for the unsolicited project in its current form.
The group was granted the “original proponent status” in August 2018.
Finance Secretary Carlos Dominguez earlier said two other proponents were "very willing" to take over the project in place of the consortium.