NAIA Consortium gets original proponent status

ABS-CBN News

Posted at Aug 06 2018 06:41 PM | Updated as of Aug 06 2018 07:21 PM

MANILA - Manila International Airport Authority General Manager Ed Monreal confirmed Monday that the MIAA board has granted original proponent status to a consortium of 7 of the country's biggest conglomerates, the 

The “NAIA Consortium” is looking to upgrade the country’s main international airport at a cost of P350 billion. 

The proposal will still be subjected to a Swiss challenge, Monreal told ABS-CBN News.

GMR-Megawide also submitted an unsolicited proposal to upgrade NAIA, but at a much lower cost of only $3 billion or around P156.3 billion.

The NAIA Consortium plans to expand NAIA’s capacity from 31 million annual visitors today to 47 million by 2020, and 65 million by 2022, its spokesperson Jimbo Reverente has said. 

Last March 12, the Department of Transportation declared the NAIA Consortium’s proposal “a complete submission.” 

The consortium is made up of Aboitiz InfraCapital, AC Infrastructure Holdings Corporation, Alliance Global Group, Asia's Emerging Dragon Corporation, Filinvest Development Corporation, JG Summit Holdings and Metro Pacific Investments Corporation. - With reports by Michelle Ong and Jacque Manabat, ABS-CBN News