Two airport consortia led by infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) and holding company Aboitiz Equity Ventures, Inc. on Monday formalized their interests in government’s five regional airport public-private partnership (PPP) projects worth Php108.19 billion ($ 2.4 billion).
MPIC told the local bourse it teamed up with Philippines Airports Management Company (PAMC) and a joint venture between airport groups based in France and Turkey to bid for the regional airport projects.
The airports project consists of the operations and maintenance of the Bacolod-Silay, Iloilo, Davao, Laguindingan and New Bohol-Panglao (Tagbilaran) airports which served around nine million passengers in 2014.
The MPIC took a 60-percent interest in the consortium, while the remaining 40-percent interest is held by PAMC; Aeroports de Paris Management SA (ADPM), a subsidiary of Aeroports de Paris; and TAV Havalimanlari Holdings A.S. (TAV).
MPIC, ADPM and TAV have entered into an exclusive Philippine airport consortium agreement to govern their relationship with one another in participating in the bidding for the PPP regional airports project.
Meanwhile, Aboitiz Equity Ventures, Inc. said in a separate disclosure to the Philippine Stock Exchange that it is participating in the bidding for airport projects through the Maya Consortium, in partnership with VINCI Airports.
VINCI Airports manages and operates 24 airports in three countries –France, Portugal and Cambodia.
The Philippine Airports Consortium and the Maya Consortium submitted their pre-qualification documents Monday to the Department of Transportation and Communication (DOTC) for the bidding of the operation, maintenance and expansion of the regional airports. (PNA)