Latest Stories

Concession deal for Cebu airport project OKd


The much awaited concession agreement for the government’s first airport public private partnership (PPP) deal was finally released on Saturday, a senior government official said.

Transportation Secretary Joseph Abaya said this would pave the way for the start of the bidding process for the P17.5-billion Mactan-Cebu airport rehabilitation, expansion and operation contract.

The bid submission, which was delayed from the original bidding scheduled slated for Aug. 28, would proceed after a minimum of 30 days after the release of the concession agreement, Abaya said. Some prospective bidders, however, said they would need between 45 days and 75 days.

“The BAC (bid and awards committee) has not decided yet (on the bid submission date),” Abaya clarified in a text message.

The P17.5-billion airport project covers the construction of a world-class international passenger terminal building that can handle about eight million passengers a year, double the current capacity of Mactan-Cebu airport.

Nigel Villarete, general manager of Mactan – Cebu International Airport Authority, said the airport was running at almost 50 percent overcapacity, hence, the need to build a new terminal. He said the Mactan-Cebu Airport handled 6.7 million passengers last year.

Unresolved commercial issues were earlier tagged as the reason behind the delayed release of the concession agreement for the Mactan-Cebu Airport deal.

Concerns raised by the private sector included minimum performance and specification standards, operations of the Duty Free store, the role of local government units and real property taxes.

But given its growth prospects, the airport project drew some of the country’s biggest conglomerates and their respective foreign partners, some of which were behind world-class airport facilities in Singapore and South Korea.

Prequalified earlier to bid for the airport project were MPIC-JGS Consortium, a venture between Manuel Pangilinan’s Metro Pacific Investments and Gokongwei-led JG Summit Holdings; AAA Airport Partners, a partnership between Ayala Corp. and Aboitiz Equity Ventures; Gotinanun-led Filinvest Development Corp.; San Miguel Corp.; Lopez-led First Philippine Holdings; Henry Sy’s Premier Airport Group, and Megawide Construction Corp.

Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter

Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Business , economy , money , News

Copyright © 2014, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


  • Gunmen kill 20 at Sudan UN base–US envoy
  • S. Korea ferry rescue stalls as anger spreads
  • Sub dives deeper in hunt for missing MH370
  • US urges Myanmar to ease tensions
  • Little known jihadist group vows new Egypt attacks
  • Sports

  • Can Spurs get back at Heat? Can they survive West?
  • Hopkins, 49, seeks win for the ageless
  • LeBron still No. 1 with NBA’s most popular jersey
  • Pacquiao back in PH, heads home to wife, kids
  • Vietnam pulls out of hosting Asian Games due to lack of funds
  • Lifestyle

  • Gabriel Garcia Marquez, Nobel laureate, dies at 87
  • Ford Mustang turns 50 atop Empire State Building
  • Pro visual artists, lensmen to judge Pagcor’s photo contest
  • ‘Labahita a la bacalao’
  • This is not just a farm
  • Entertainment

  • Singer Chris Brown’s bodyguard on trial in DC
  • Whoopi Goldberg debuts as marijuana columnist
  • ‘X-men’ director accused of sex assault on teen boy
  • Cannes film festival launches race for 2014 Palme d’Or
  • Jones, Godard, Cronenberg in competition at Cannes
  • Business

  • Barbie doll has a problem
  • Oil prices mixed ahead of long Easter weekend
  • US stocks end mostly higher after earnings deluge
  • Total says makes ‘very promising’ oil find off Ivory Coast
  • ‘Chinese Twitter’ firm Weibo to go public in US
  • Technology

  • Nokia recalls 30,000 chargers for Lumia 2520 tablet
  • Facebook rolls out ‘nearby friends’ feature
  • Netizens seethe over Aquino’s ‘sacrifice’ message
  • Filipinos #PrayForSouthKorea
  • Taylor Swift tries video blogging, crashes into fan’s bridal shower
  • Opinion

  • Editorial cartoon, April 17, 2014
  • A humbler Church
  • Deepest darkness
  • ‘Agnihotra’ for Earth’s health
  • It’s the Holy Week, time to think of others
  • Global Nation

  • Last call for nominations to ’14 Presidential Awards
  • San Francisco business coalition slams proposed tax on sugary drinks
  • A ‘time-travel’ production of ‘Les Miserable’ at Stanford
  • Filipina Maryknoll sister honored for years of service
  • Malaysia quarantines 64 villagers over MERS virus
  • Marketplace