The leaders of some of the country’s top conglomerates came out in full force to pitch their P267-billion unsolicited proposal to rehabilitate Naia, while reiterating the need for 25 years to realize the big-ticket project. | TyronePiad /PDI
“The Philippines, with the most beautiful beaches, the warmest hospitality and a deep pool of well-trained English-speaking talent cannot be allowed to fall behind because of an underperforming gateway airport,” he said.Of the P267-billion proposal, about P210 billion is allocated for capital investments in airfield and runway upgrades, terminal expansion, new cargo facilities and taxiway extension.
Given the massive investment required to complete the project as envisioned, a minimum contract period of 25 years is being sought. “The amount the consortium will be investing will only work under a 25-year concession period so that we can have an airport that we can be proud of,” stressed Gotianun-Yap.
But based on the P141-billion solicited proposal by the government, the chosen private concessionaire will only be given 15 years to rehabilitate Naia and recoup investments. The proposal is under review by the National Economic and Development Authority.“A 15-year concession period will not really do much in terms of transforming the airport. We’ve already studied that before,” said Tan on the sidelines of the event.Your subscription could not be saved. Please try again.
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