Ayala eyes P15-B NAIA development project

MANILA, Philippines – Conglomerate Ayala Corp. has expressed interest in the proposed P15-billion development of the Ninoy Aquino International Airport (NAIA). However, the group will not join the ongoing bidding for five regional airports worth P108.2 billion.

Ayala managing director John Eric Francia said the listed conglomerate is joining the bidding for the NAIA development project that is now being finalized by the Department of Transportation and Communications (DOTC).

“We are interested… if that happens. But for now it is still up in the air,” Francia said.

The DOTC has included NAIA development in the list of projects to be undertaken under the Public-Private Partnership (PPP) program.

The PPP Center said in its website that the project aims to improve, upgrade and enhance the operational efficiencies of all existing NAIA terminals covering both landside and airside except air traffic services.

The project would help the country’s main gateway meet the standards set by the International Civil Aviation Organization (ICAO).

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The DOTC and the Manila International Airport Authority (MIAA) would undertake the NAIA development project. The feasibility study for the project is currently ongoing to determine its scope and viability.

The project would be submitted to the Cabinet-level National Economic and Development Authority – Investment Coordinating Committee (NEDA-ICC) in the second quarter of the year for approval.

The DOTC has awarded the P17.5 billion Mactan – Cebu International Airport passenger terminal building project to the Megawide – GMR Consortium and is also set to start the P7.2-billion passenger terminal building project at the Clark International Airport in Pampanga.

However, Francia said Ayala is not keen on joining the bidding for five regional airport projects.

“The way we view the regional airports, it is at this point not a priority for us. That is why we haven’t bought documents and we are not likely going to participate,” he said.

According to Francia, Ayala through AC Infrastructure Holdings Inc. would like to focus on existing infrastructure projects being undertaken by the conglomerate.

“We wish to focus on other opportunities including our existing projects and others in the pipeline,” he added.

The Ayala Group has interest in three of the nine PPP projects worth P135.5 billion awarded by the Aquino administration. Its partnership with infrastructure giant Metro Pacific Investments Corp. (MPIC) and Macquarie Infrastructure Holdings Philippines through Light Rail Manila Consortium bagged the P65 billion Light Rail Transit line 1 (LRT-1) Cavite expansion project.

It also bagged the P2.01 billion Muntinlupa – Cavite expressway (MCX) as well as the P1.72 billion Automated Fare Collection System (AFCS) project through a joint venture with MPIC.

 (The Philippine Star) |