MPIC Seeks European Partner For Airport Bids


MANILA – Infrastructure giant Metro Pacific Investments Corp. (MPIC) is in talks with a European company in its bid to land its first airport Public-Private Partnership (PPP) project.

Manuel V. Pangilinan, MPIC chairman, told reporters that their prospective partner prefers to bid for the five regional airport projects worth P108.2 billion as a single bundle.

“The single bundle is more the preference of the foreign strategic partners that we spoke with. If it’s two bundles, its quite small so they prefer a big bundle,” he added.

Pangilinan said this European company is bigger than their partner in their failed bid for the P17.5-billion Mactan Cebu international airport expansion project bagged by the tandem of Bangalore-based GMR Infrastructure and Filipino-owned Megawide Construction Corp.

The Department of Transportation and Communications (DOTC) has divided the five regional airports into two bundles so as to attract more investors in the dual-stage bidding process.

The first bundle consists of the P20.26- billion Bacolod – Silay airport and the P14.62-billion Laguindingan airport while the second bundle covers the P40.57-billion Davao airport, the P30.4 billion Iloilo airport, and the P2.34 billion New Bohol (Panglao) airport.

The government has extended the deadline to give interested companies more time to prepare their qualification documents. Six groups have expressed interest in the regional airports PPP projects.

Aside from MPIC, the other companies are JG Summit Holdings Inc. of taipan John Gokongwei, diversified conglomerate San Miguel Corp. (SMC), the GMR-Megawide Group, Philippine Skylanders, the Aboitiz Group, and Tokyo-based Sojitz Corp.

The regional airport projects form part of the 13 PPP projects worth P400.8 billion so far rolled out by the Aquino administration.

PPP projects that have been rolled out include the P123-billion Laguna Lakeshore expressway dike project, the rebidding of the P55.51 billion Cavite – Laguna expressway, the P50.2 billion regional prisons facility, the P24.4 billion Bulacan Bulk Water Supply project, the P18.72 billion New Centennial Water Source – Kaliwa dam project, the P17 billion Davao Sasa port modernization project, the P4 billion integrated transport system – South Terminal, the operation and maintenance of the Light Rail Transit line 2 (LRT-2).

The Department of Public Works and Highways (DPWH) is set to issue the Notice of Award to MPIC’s MP CALA Holdings Inc. after it topped the rebidding of Calax with a premium bid of P27.3 billion edging the P22.2 billion submitted by SMC’s San Miguel Holdings Corp.

The Aquino administration has already awarded nine PPP projects since 2010 with a total indicative cost of P136.37 billion.

Source: Lawrence Agcaoili, The Philippine Star