Philippine $3 billion airport project has three potential bidders - secretary
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JAKARTA : A 170.6 billion pesos ($3 billion) project to modernise the main international airport in the Philippines has attracted three potential bidders, including India's GMR Group, the Philippine transportation secretary said on Wednesday.
Ranked among the world's worst international gateways, the aging Ninoy Aquino International Airport (NAIA) badly needs an upgrade to end chronic flight delays, address congestion, and improve facilities.
The other two possible bidders were conglomerate San Miguel corporation and a Manila consortium, whose $4.9 billion unsolicited proposal for the project was rejected earlier, Secretary Jaime Bautista said.
India's GMR group has been operating an airport on the Philippine tourism island of Cebu.
"We want somebody who has experience in operating an airport ... and, of course, with a very good financial background. Those are two major requirements," Bautista said in an interview on the sideline of an Association of Southeast Asian Nations (ASEAN) summit in Indonesia.
