MVP-led MPIC hints of airport venture partnership
MANILA, Philippines - The infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) is preparing to replicate in airport projects its current strategy of forging business alliances in rail projects.
“In due course, we hope to announce a very exciting partnership (for airports) which we think everyone will see the logic of,” MPIC chief financial officer David Nicol said at the sidelines of a consumer briefing on October 22.
“The idea is, we will jointly bid on each airport project that may become available,” he added.
MPIC chairman Manuel V. Pangilinan (referred to as MVP) has previously confirmed his group is interested in bidding for airport projects under the public-private partnership (PPP) program.
He had singled out the Mactan-Cebu International Airport project, the second busiest and largest international gateway to the Philippines.
Previously, members of the Aboitiz group have also expressed that they are interested in bidding for the Cebu airport project.
However, Aboitiz and the Ayala groups have built an alliance to bid for the P10 billion terminal project at the Cebu airport.
This alliance came to fore recently when their joint venture joined the bidding for the P60-billion LRT-1-Cavite extension project.
The partnership allows them to go head-to-head with other business groups, including the aggressive San Miguel Corp., when participating in auctions. - Rappler.com