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NEDA board greenlights NAIA rehab

Maria Romero

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NEDA Board approval means the multi-billion peso Ninoy Aquino International Airport edges forward to the Swiss challenge phase.

Postponed flights, delayed landings, long waiting times in the taxiways and other woes stemming from Ninoy Aquino International Airport (NAIA) congestion may soon be over as the government formally cleared the P102 billion bid to rehabilitate the airport.

The Department of Transportation (DoTr) on Monday said the NAIA rehabilitation and upgrade will move closer to reality after the National Economic and Development Authority (NEDA) Board, chaired by President Duterte, approved the unsolicited proposal on Friday, 29 November.

With the approval, the consortium of seven at the helm of the NAIA rehabilitation project was given the go-signal to proceed with the P102 billion worth project, subject to a Swiss challenge.

Prior to the Swiss challenge, the Manila International Airport Authority (MIAA), as primary grantor and the NAIA Consortium need to first negotiate on the terms and conditions of the concession agreement based on the parameters prescribed by the NEDA Board.

MIAA will then submit the results of the negotiation to the NEDA Board and the negotiated draft concession agreement (CA) to the Office of the Solicitor General and the Department of Finance (DoF) for comments within ten days from receipt of the draft CA.

MIAA and the consortium will then issue the certificate of successful negotiations and subsequently, the project will undergo a Swiss challenge where other firms can still submit more competitive counter-proposals.

If there are no challenges, only then can the NAIA consortium be awarded the contract and proceed.

The project’s private consortium includes Aboitiz InfraCapital, Inc; AC Infrastructure Holdings Corporation; Alliance Global Group Inc.; Asia’s Emerging Dragon Corp.; Filinvest Development Corp.; JG Summit Holdings Inc. and Metro Pacific Investments Corp.

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