Deadline extended in USD10bn airport tender in the Philippines

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Deadline extended in USD10bn airport tender in the Philippines

The Government of Cavite in the Philippines has extended the deadline for the request for proposals in a tender for USA 10 billion Sangley International Airport PPP project in Cavite.

The original tender deadline for the airport in Manila Bay was on November 25. It has now been moved to December 17.

The new international airport is proposed to be developed on a 1,500-hectare site, it will have four runways and will handle around 130 million passengers. The proposed concession period is 50 years. The project will transform the existing Sangley Airport into an international air hub. The project also entails the development of airside and landside facilities as well as transportation infrastructure to service the passengers and ensure accessibility to the airport.

The selected JV partner will be providing the necessary equity investment and credit enhancements, and subject to a further competitive process or price test, perform engineering, procurement and construction (EPC) services for the land and airport development components of the project. In addition to the legal, technical and financial qualifications set by the Cavite government, the selected JV partner must also pass the credit standards of the project lenders.

The tender was launched on October 11. The deadline was extended on the request of some tender participants who needed extra time to prepare their proposals.

Seven companies have acquired a joint venture document. Some of them are also participating in the tender for the upgrade and operation of Ninoy Aquino International Airport (Naia). The following companies are interested in the development of the Sangley airport: China Communications Construction Co., Metro Pacific Investments Corp., MacroAsia Corp., Prime Asset Ventures, Philippine Airport Ground Support Solutions Inc., Langham Properties Inc., Mosveldtt Law Offices. Megawide Construction Corp. together with India’s GMR Infrastructure previously disclosed that they have acquired access to joint venture documents.

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.