Business Business News Gov’t adjusts to Cebu airport proponents
Gov’t adjusts to Cebu airport proponents
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- Published on Thursday, 31 January 2013 00:00
- Written by MYLA IGLESIAS
By A Web design Company
The government is adjusting terms to accommodate proponents to the upgrade and expansion of the Mactan Cebu international airport.
While the DOTC claims that it has yet to rule if it can allow holding companies of local carriers to join the bidding, it is crafting ways to accommodate the biggest conglomerates to ensure the success of the project.
DOTC Secretary Joseph Emilio Abaya told reporters that he is not pre-empting the decision of the bids and awards committee.
JG Summit Holding Inc., and San Miguel Corp. which owns Cebu Pacific and Philippine Airlines respectively were earlier banned to bid for the Mactan Cebu international airport (MCIA) project to avoid conflict of interest.
Abaya said the bid committee will decide whether or not airline operators can bid for the airport operations project as a minority partner or as a member of a consortium.
Abaya said the DOTC is looking at the creation of a special purpose company (SPC) or a consortium which would have two entities: one to bid and a facility operator.
The two conglomerates can join the consortium in any capacity.
DOTC has until the last week of February to finalize the rules on MCIA to start the bidding process.
Last December, the DOTC and the Mactan Cebu International Airport Authority (MCIAA) have invited interested investors to bid for the construction of the $504.8-million for passenger terminal of the MCIA under the country’s public-private partnership program.
The MCIA project will include the construction of a new passenger terminal and apron, operation and maintenance of both new and existing passenger terminals, renovation of the existing terminal, installation of all equipment, including information technology (IT) required under international guidelines and the International Civil Aviation Organization Standards.
MCIA is structured as a build-operate-transfer project wherein the winning bidder will have the concession to operate and maintain the two passenger terminals and other landside facilities for a period of 20 years. Other interested bidders includes Aboitiz , Ayala Corp., and Metro Pacific Investment Corp.
