The Government of the Philippines through its Department of Transportation plans to award the private sector-proposed airport projects in Manila and Bulacan by the first quarter of 2019.
The two projects involved are the Php800 billion (US$15.24 b) airport in Bulacan province and the Php102 billion (US$1.94 b) modernization and operation plan of the Ninoy Aquino International Airport proposed by San Miguel Corporation (SMC) and Naia Consortium, respectively. Naia Consortium and SMC hold the original proponent status (OPS) of their respective projects.
The proposed projects are yet to be cleared by the Investment Coordination Committee of the National Economic and Development Authority (NEDA-ICC) which will follow an approval from the NEDA Board. The offer by Naia Consortium remained with the Neda-ICC pending the submission of additional documents by the Manila International Airport Authority while Bulacan airport offer by SMC is being reviewed by the Department of Finance and Office of the Solicitor General. The unsolicited proposals, once approved by NEDA-ICC, will be subjected to a bidding process known as Swiss Challenge, which requires at least 60 days, as the final step for the clearing process. The Swiss Challenge is expected to be launched before the end of 2018.
Naia Consortium is composed of Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group Inc., Asia Emerging Dragon, Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp. Its technical partner is Changi Airports International. The consortium of companies wants to expand the capacity of NAIA to around 65 million passengers yearly in four years through a 15-year concession. SMC, on the other hand, plans to build the brand-new airport in Bulakan, Bulacan, that will have as many as six parallel runways and a capacity of over 100 million passengers yearly.