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Sunday, November 24, 2024

Aboitiz interested in Naia privatization

Aboitiz Equity Ventures Inc. said it is interested in the $1.65-billion redevelopment of Ninoy Aquino International Airport under the public-private partnership scheme.

“I think it is fair to say that everyone is interested in Naia. Who isn’t? It’s the main gateway to the Philippines. At this stage, the details are very vague,” AEV first vice president for business development Roman Azanza III told reporters. 

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Other conglomerates  that expressed interest to join the Naia redevelopment project were Metro Pacific Investments Corp., Ayala Corp., San Miguel Corp, JG Summit Holdings Inc. and Lucio Tan’s Asia’s Emerging Dragon Corp.

The Transportation Department said the bid submission for the project would likely be in August next year. 

The award and signing of the concession agreement is expected in September 2017.

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