Quantcast
Latest Stories

JG Summit eyes more airport projects

By

Conglomerate JG Summit Holdings Inc. is keeping an eye on airport projects that the government would auction off other than the P17.5- billion Mactan-Cebu International Airport, which the Gokongweis are bidding for together with Metro Pacific Investments Corp.

JG Summit president Lance Gokongwei said last week that the company would consider airport deals in areas like Iloilo and Bacolod, which the Department of Transportation and Communications (DOTC) might bid out under the public private partnership (PPP) framework.

The DOTC in June said it might bundle three airports—Davao, Iloilo, and Bacolod—under a single PPP. This, according to the DOTC, would give the deal more scale and draw larger international operators and local partners.

“We will have to look at the terms of reference. I think that after Cebu, they (DOTC) are looking at Bacolod and Iloilo (and Davao). They might bundle it so it’s the same size as Cebu,” Gokongwei said.

It was not clear whether JG Summit would pursue future airport ventures alone or in partnership with Metro Pacific.

The two groups formed early this year MPIC-JGS Airport Consortium Inc., which would bid for the contract to rehabilitate, expand and operate Mactan-Cebu International Airport.

MPIC-JGS Airport Consortium was among the seven groups pre-qualified to bid for the airport deal, the first to be auctioned off by the DOTC. The others include the SM group, Ayala-Aboitiz partnership and San Miguel Corp as well as foreign partners such as Singapore’s Changi and Incheon of South Korea.

The PPP Center, which originally planned to bid out Cebu-Mactan on Aug. 28 but pushed back the schedule to refine the concession agreement, said the auction would push through by the end of next month.

Taken together, the air gateways in Davao, Bacolod and  Iloilo handled about 5.5 million passengers in 2011, government statistics showed. This is comparable to the 6 million passengers that Mactan-Cebu Airport handled during that period.

“You have to package it. So if we bid out Bacolod, Iloilo and Davao, the winner will operate all three,” Transportation Secretary Joseph Abaya said in a previous interview.


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 , JG Summit Holdings Inc. , Lance Gokongwei , Metro Pacific Investments Corp. , News

  • Pinsan_ni_Mang_Kanor

    Walang problema sa mga private firms like JG at MPI. Ang problema, nasa gobyerno, parang mga pagong, gusto yung susunod na administrasyon ang kumilos. Anong petsa na? Blah blah blah blah.



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
Advertisement
Advertisement

News

  • Napoles tags over 100 officials in pork scam – Lacson
  • Vitangcol to sue Czech envoy
  • Senator’s kickback from pork bigger than those of Enrile, Estrada, Revilla – Lacson
  • 43 out of 414 Etihad passengers yet to be found, tested for MERS-CoV – Palace
  • Sandigan junks Marcos family claim to Paoay property
  • Sports

  • Caguioa blasts ‘no heart, soft’ Ginebra on Twitter
  • San Mig Coffee grinds out win over Alaska to force decider
  • UP nips St. Benilde; Adamson blasts RTU in Filoil women’s caging
  • Kevin Garnett responds to Raptors’ GM F word
  • Albert Pujols hits 500th HR of major league career
  • Lifestyle

  • Entering the monkhood a rite of passage
  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Entertainment

  • Bollywood Oscars, film stars come to Florida
  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Business

  • SM to rebuild Tacloban hospital
  • PSEi slips after 4-day rally
  • Toyota sells 2.58 million vehicles, outselling GM
  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • Technology

  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
  • Viber releases new design for iPhone, comes to Blackberry 10 for the first time
  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • 19 Ukrainians, Russians, Filipinas rescued in bar raid
  • Filipinos coming home from Mideast must obtain MERS clearance – DOH
  • US Secret Service in Manila ahead of Obama visit
  • Palace thanks Estrada for successful HK mission
  • Hong Kong accepts PH apology; sanctions also lifted
  • Marketplace