Billionaire Razon may bid for airport project

Cathy Yang and Jessica Fenol, ABS-CBN News

Posted at Nov 13 2017 02:27 PM

International Container Terminal Services, Inc. CEO and Chairman Enrique Razon during the ASEAN Business and Investment Summit in ParaÒaque City on Monday. Mark Demayo, ABS-CBN News

MANILA - Billionaire Enrique Razon said Monday he was willing to bid for an airport project, as he underscored the need to rebuild the country's infrastructure to spur economic growth.

Razon, who chairs both port operator International Container Terminal Services Inc and casino operator Bloomberry Resorts, said he "might just" bid for an infrastructure project when asked by ANC.

"If we’re allowed to start building stuff. We will get more projects off the ground," Razon said.

New airports would bring "unquantifiable" benefits, said Razon, whose Solaire casino-resort has been attracting mainland Chinese tourists despite Manila's congested airport.

"Each visitor has a big multiplier effect - contribution to employment, contribution to economy, construction and infrastructure. It’s almost impossible to quantify the benefits of new airports and roads that go with it," Razon said on the sidelines of the ASEAN Business and Investment Summit.

The planned subway in the capital is the most important infrastructure project in the country, he said.

“New York, Hong Kong, Tokyo, those cities continue to grow because of their subway, they do things underground, without a subway, it’s very hard to solve any traffic,” he said.