The Department of Transportation said it will ask Megawide Construction Corp. and partner GMR Infrastructure Ltd. of India to comply with the issues raised by the National Economic and Development Authority on the rehabilitation and development of the Ninoy Aquino International Airport.
“There was a deliberation yesterday [Wednesday] and the NEDA-ICC technical board noted a number of pending compliance with certain requirements of the BoT law, so we have conveyed that to the proponent, and we asked them to comply,” Transportation Undersecretary Ruben Reinoso Jr. said in a virtual briefing.
“So basically these are the issues on financial capacity and the joint and several liability agreement of the consortium,” he said.
The Manila International Airport Authority on July 15 granted Megawide-GMR the original proponent status for the development of NAIA. The government granted the new OPS to Megawide group after a consortium of local conglomerates withdrew its offer.
Megawide earlier offered to develop NAIA for $3 billion with a contract period of 18 years on March 1, 2018. Its proposal was two weeks behind the proposal of NAIA Consortium which was submitted to the government on Feb. 12, 2018.
The Megawide proposal, however, did not include building a third runway. Even without it, Megawide estimated that it could increase the terminal capacity to 72 million against the competitor’s estimate of just 65 million.
It said the solutions would increase airfield capacity to 950 to 1,000 aircraft movements per day, representing 30-percent to 35-percent increase from the current 730 aircraft movements a day.
For peak hours, the consortium will increase NAIA’s peak hour aircraft handling capacity by 50 percent from 40 to 60. Within 24 months of taking over operations, the consortium will also rehabilitate and expand the existing terminals, which will roughly double the space and result in over 700,000 square meters of terminal area.
Once completed, both the airside facilities and the terminals will be able to handle a total annual throughput of 72 million passengers.
The NAIA Consortium that included Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp. and JG Summit Holdings Inc. earlier informed the government that they would no longer pursue the project because they were not confident about financing the project.
