July 19, 2018, 6:01 am
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INCREASES NAIA’S CAPACITY TO 65M; ‘Super consortium’ seeks approval of P350B rehab plan

The so-called super consortium is optimistic of obtaining the original proponent status (OPS) for its P350-billion proposal to rehabilitate and expand the country’s premier gateway, Ninoy Aquino International Airport (NAIA).

The NAIA consortium, composed of seven giant conglomerates, said it is also open to shorten the proposed concession period.

Jimbo Reverente, NAIA consortium spokesperson, urged the government to approve the proposal as it offers the best solution for the problems hounding NAIA. 

“They said we’re complete then they will judge us on our merits. We hope they will grant us the OPS because (then)… we can really go into deeper discussions in all aspects of our proposals to come up with the proposals that they are willing to submit for NEDA (National Economic and Development Authority) approval then Swiss challenge,” Reverente said.

He added that if the government issues the notice to award and the notice to proceed by early 2019, the consortium can deliver its promise to increase the airport’s capacity to 47 million by 2020,and further increase it to 65 million by 2022.

Last year, NAIA served 42 million passengers, more than its ideal capacity of 31 million.

The group was the first to submit its proposal to improve NAIA. Its proposal has to be evaluated first by the government before the latter proceeds to evaluate GMR-Megawide consortium’s P150-million proposal to rehabilitate and expand NAIA for 18 years.

The proposal is composed of two phases: first is the expansion of NAIA’s four terminals for P100 billion investment, while the second phase involves the construction of a third runway to be built parallel to the main runway.

Reverente said construction of the third runway will be completed in seven to nine years as this involves reclamation at the Manila Bay, requiring an investment of P250 billion.

He said the NAIA consortium is open to shorten its proposed 35-year concession period, but it has to drop the plan to construct the third runway.

“We would be open to shorten the concession, but we don’t have time to construct the third runway,” Reverente said.

By 2022, NAIA’s landing and take-off per hour will increase to 52 from 40 currently, then it would double to 100 once the third runway is completed.

The terminals will be connected by airport people movers for convenience of passengers when transferring between terminals. This will have a rail access and linkages.

The consortium is composed of Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp.,for a combined capitalization of over P2.2 trillion.

The group chose the world’s premier airport operator, Changi Airports International Pte. Ltd., as technical partner.

The consortium’s proposal supports the government’s ‘Build, Build, Build’ program with its plan to develop NAIA into a world-class facility and a regional air transport hub by upgrading its airside, landside and air navigation support. 

This builds on the gains already achieved by the Department of Transportation in terms of improving the traffic of aircraft movements on NAIA’s runways, the consortium said.
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