MANILA, Philippines – Pangilinan-led Metro Pacific Investments Corp. (MPIC) and Gokongwei-owned JG Summit Holdings Inc. have cut their list of prospective foreign partners in their bid for the P17.5-billion Mactan-Cebu International Airport expansion project.
The groups are now choosing among only 4 airport operators from Singapore, Kuala Lumpur and Europe.
They expect to make a decision in time for the deadline of submission of pre-qualification documents on Friday, March 22. The Department of Transportation and Communications pushed back the deadline for the submission from February 27.
“We are slowly trimming [the list] down,” said MPIC Chairman Manuel Pangilinan in an interview during Meralco’s recently held Luminaries Awards. Pangilinan also chairs the country’s largest power distribution firm.
JG Summit and MPIC recently signed an agreement to form a joint venture that would bid for the airport project.
Pangilinan said, “we have to ensure that the technical partner that we eventually we choose would fit all those qualifications that are from time to time defined by the government. The qualification requirements of the government are quite stringent, although in some respect, they have relaxed them.”
Aside from MPIC and JG Summit, other interested bidders are the Aboitiz and Ayala groups; Filinvest Development Corp. and Filinvest Land Inc.; Megawide Corp. and India’s GMR Infrastructure Ltd.; Macroasia Corp.; San Miguel Corp.; Prime Power Holdings Corp.; and the SM group. – Rappler.com