Advertisement

Govt reviewing Filinvest’s P839-b Clark airport bid

The government is reviewing the unsolicited proposal submitted by a consortium led by Filinvest Development Corp. and JG Summit Holdings Inc. for the long-term development of Clark International Airport at a cost of P839 billion. 

The Transportation Department said it was coordinating with the Bases Conversion and Development Authority to thoroughly review the legal, technical and financial aspects of the proposal within a specified timeline and strict deadline based on the required processes and regulations.

Under the new proposal, the Filinvest-JGS joint venture will build future capacity augmentation, expand airport facilities including terminals and runways, and operate and maintain the existing and new passenger terminals.

The two groups also proposed to develop, operate and maintain the commercial assets of Clark International Airport, which include facilities for general aviation and fixed- base operations and real estate.

The new proposal was different from the one earlier submitted by the joint venture.  Instead of including the construction of a second terminal building, it proposed the long- term development of the airport into the country’s second international gateway. 

The Filinvest-JGS joint venture submitted a P187-billion unsolicited proposal to develop Clark Airport in July after the government announced that it was open to accepting unsolicited proposals for infrastructure projects.

A similar unsolicited proposal to develop Clark airport was also submitted by India’s GMR Infrastructure Ltd. and Megawide Construction Corp., but the government rejected both proposals saying it would pursue the development of the airport through hybrid public-private partnership. 

The Transportation Department said it was on track with the bidding for the construction of a new passenger terminal building at Clark International Airport where 12 local and foreign firms bought bid documents.

The agency expects to award the construction contract to the winning bidder on Dec. 15.

 

Topics: Filinvest Development Corp. , JG Summit Holdings Inc. , Clark International Airport
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.
AdvertisementKPPI
Advertisement