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Proposal for P102-billion Naia facelift set for Neda submission this week, DOTr official says.

The Department of Transportation (DOTr) will endorse the unsolicited proposal of Naia Consortium to the National Economic and Development Authority (Neda) Investment Coordination Committee within the week, a transport official said.

Transportation Undersecretary Manuel L. Tamayo said his group intends to proceed with the evaluation of the airport development proposal in the next two days.

'Once everything is complete, we can send it to [the] Neda in one to two days,' he said in an interview.

The Naia Consortium, a team of Filipino conglomerates, offered to rehabilitate, expand, operate and maintain the Ninoy Aquino International Airport (Naia) through a P102-billion investment spread across 15 years.

It had already received the original proponent status for the project. Being granted the said status gives the proponent a competitive advantage against its would-be competitors during the competitive challenge for the project.

Under the implementing rules and regulations of the build-operate-transfer law, the government must place unsolicited proposals to a Swiss challenge, which, in a nutshell, is a legal process of inviting other groups to bid for an unsolicited deal.

The original proponent then has the right to submit a counteroffer.

Tamayo noted that the proposal will be subjected to Swiss challenge by the 'second quarter of 2019.'

Groups have been calling for the redevelopment of Naia, as it has already reached its peak, handling 42 million passengers last year, way above its maximum capacity of 35 million passengers annually. This year the throughput is expected at 44 million passengers.

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Publication:Business Mirror (Makati City, Philippines)
Date:Dec 26, 2018
Words:292
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