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7 groups bidding for Sangley airport

Seven groups bought bid documents on the proposed $10-billion international airport in Sangley Point, Cavite, according to Cavite Governor Jonvic Remulla. 

Remulla identified the seven companies as Metro Pacific Investments Corp., Philippine Airport Ground Solutions Inc., Mosveldtt Law Offices, PICTO, Langham Properties Inc., MacroAsia Properties Development Corp. and China Communications Construction Co. 

DM Consunji Inc., Ayala Corp., and SM Group that were earlier identified by Remulla as interested in the project were not among those who acquired bid documents.

The deadline for the submission of bids was Nov. 25, 2019.  

The provincial government of Cavite is the lead proponent and implementing agency of the project under a public-private partnership scheme. 

The selected joint venture partner will provide the necessary equity investment and credit enhancements subject to a further competitive process or price test.

Aside from the legal, technical and financial qualifications set by the provincial government, the selected JV partner should also pass the credit standards of project lenders.

The request for proposals will require project feasibility study, instructions to candidate JV partners and the draft joint venture and development agreement.

Cavite expects to award the project by end of November and start the construction by January next yer. It would separately bid out the operations and maintenance of the new international airport.  

Topics: Sangley Point , Jonvic Remulla , Metro Pacific Investments Corp. , Philippine Airport Ground Solutions Inc. , Mosveldtt Law Offices , PICTO
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