A consortium consisting of seven of the biggest conglomerates in the Philippines has submitted to the Department of Transportation and the Manila International Airport Authority a proposal to rehabilitate and upgrade the Ninoy Aquino International Airport (NAIA), in Manila. The proposal requires a total investment of PHP350 billion (US$6.7 billion).
Infrastructure/PPP news in Philippines
The Asian Development Bank’s (ADB) Board of Directors has approved a US$346 million loan to upgrade highways in the Indian state of Karnataka.
Seven of the Philippines' biggest conglomerates are planning to team up to submit an unsolicited proposal for the development of Ninoy Aquino International Airport (NAIA), which has been dubbed in the past as the world’s worst airport.
The Bases Conversion and Development Authority (BCDA) of the Philippines announced today that it has received seven bids for the design, engineering, and construction of the Clark International Airport new terminal building. The estimated cost of this expansion is PHP12.55 billion (US$248 million).
Megawide Construction Corporation has announced that its unsolicited proposal for the East-West Rail (EWR) between Diliman in Quezon City and Lerma in Manila will cost around PHP51.17 billion (US$1 billion).
NLEX Corp., a subsidiary of Metro Pacific Investments Corp (MPIC), has submitted an unsolicited proposal to the Philippines Department of Public Works and Highways (DPWH) to construct a new expressway that will connect the existing North Luzon Expressway and Manila-Cavite Expressway.
The Government of the Philippines has launched a tender process for the first project under its hybrid strategy.
The Government of the Philippines is to tender an airport as its hybrid strategy gets underway.
Metro Pacific Tollways Corporation (MPTC) has submitted to the Philippines' Department of Public Works and Highways (DPWH) a PHP25 billion (US$494 million) unsolicited bid to extend the Cavite Laguna Expressway (CALAX).
The government of Philippines has announced that procurement of the much-anticipated Regional Airport PPP Projects has been terminated.
The Philippines' Department of Labor and Employment (DOLE) has reiterated the government’s preference for “hybrid” public-private partnership (PPP) deals in which the government would build the infrastructure projects and later bid out the operation and maintenance (O&M) to the private sector.
The Philippine Department of Transportation (DOTr) has extended the deadline for the submission of qualification documents for the Philippine Regional Airports Development, Operations and Maintenance project under the public-private partnership (PPP).
The Philippine PPP Center has approved fund support to conduct the feasibility study and transaction advisory services for the operation and management of the Cebu Bus Rapid Transit (BRT) project.
The Asian Development Bank (ADB) has commited to the Philippine's government of US$100 million to finance feasibility studies on infrastructure projects rail, bridge, irrigation and road sectors.
The Asian Development Bank (ADB) and the Export-Import Bank of Korea (KEXIM) have signed a memorandum of understanding (MOU) to co-advise on public-private partnerships (PPPs) in Asia and the Pacific.
The Philippine Department of Transportation (DOTr) has launched a tender process to seek bidders for the Development, Operations and Maintenance of the five unbundled airport projects namely Bacolod-Silay, Davao, Iloilo, Laguindingan, and New Bohol (Panglao) under public-private partnership (PPP) scheme.
The Department of Public Works and Highways (DPWH) of the Philippines has decided to re-tender the Laguna Lakeshore Expressway-Dike Project, after a failed bidding in March 2016.
The Monetary Board (MB) has announced that the additional 25 percent Single Borrowers’ Limit (SBL) available to banks and quasi-banks which can be tapped to finance Public-Private Partnership (PPP) projects has expired on 28 December 2016.
The Philippine Stock Exchange has issued the new listing and disclosure rules applicable to companies engaged in PPP projects, supporting the Philippines Government's efforts to sustain the country's economic growth through sustainable partnerships with the private sector for infrastructure development.
The Department of Public Works and Highways (DPWH) and Manila North Tollways Corporation (MNTC) has signed the concession agreement on November 23, of the North Luzon Expressway-South Luzon Expressway (NLEX-SLEX) Connector Road Public-Private Partnership (PPP) Project.