San Miguel Group has been announced as the winning bidder for the P171 billion contract to rehabilitate, operate, and maintain the Ninoy Aquino International Airport (NAIA).
The SMC SAP Company Consortium, comprising San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp., offered the highest bid of 82.16 percent revenue share to the government.
The winning bidder will also pay P30 billion upfront cost and an annual annuity payment of P2 billion to the government.
The other two bidders submitted financial bids were Manila International Airport Consortium (25.91 percent) and GMR Airports International B.V. (33.3 percent).
The winning bidder will have until March 6 to submit post-award requirements.
The Department of Transportation expects to sign the concession agreement with the winning bidder on March 15, with the facility likely to be turned over in September this year.
The NAIA project involves capital investment to improve the airport’s facilities to comply with the International Civil Aviation Organization (ICAO) and other international standards.
The concessionaire will be responsible for both landside and airside operations of the NAIA, enhancing compliance, safety, security, and capacity to cater to increasing air traffic.
