An interagency committee under the board of the National Economic and Development Authority (NEDA) has approved an unsolicited proposal to expand Manila’s crowded international airport.
The expansion of the Ninoy Aquino International Airport (NAIA), which will “increase the capacity of the airport and improve passenger experience,” was packaged as a build-operate-transfer project.
The approval by the Investment Coordination Committee-Cabinet Committee (ICC-CabCom) on Sept. 27 elevated the NAIA expansion proposal to the NEDA Board, which is chaired by the President.
According to the PPP Center website, the proposal of the NAIA Consortium will cost P350 billion and will have a 35-year cooperation period.
The members of the consortium are: Aboitiz Infra Capital, AC Infrastructure Holdings Corporation, Alliance Global Group, Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings and Metro Pacific Investment Corp.
The NEDA Board ICC-CabCom also approved six new projects and the extension of financing of other projects:
– The Pasacao-Balatan Coastal Tourism Highway, which will be implemented by the Department of Public Works and Highways (DPWH). The project involves the construction of a 40.69-kilometer, four-lane coastal tourism highway along the west coast of Camarines Sur that will provide access to various tourism sites and a direct link between the municipalities of Pasacao and Balatan. The P14.97-billion project will be funded through DPWH’s budget allocation under the General Appropriations Act.
– Aqueduct No. 7 (AQ-7) under the Expanded Angat Water Transmission Improvement Project of the Metropolitan Waterworks and Sewerage System, with an extension of implementation period until July 2023. The AQ-7 has a total project cost of P7.42 billion. It will involve the detailed engineering design and construction of a steel aqueduct to provide operational flexibility to the raw water transmission from Ipo Dam to La Mesa Dam.
– Additional Financing for the Infrastructure Preparation and Innovation Facility costing P11.46 billion, to be funded by an Asian Development Bank loan. This will accelerate early project implementation following ICC approval through the conduct of detailed engineering design and tender support, and strengthen the capacity of key agencies responsible for infrastructure projects.
– The Support to Parcelization of Lands for Individual Titling Project of the Department of Agrarian Reform, which will hasten the subdivision of collective land ownership awards and the generation of individual titles. It will cost P27.92 billion and will be funded through a World Bank loan.
– The Local Governance Reform Sector Development Project of the Department of Finance’s Bureau of Local Government Finance, with a total project cost of P1.56 billion (excluding finance charges). This will strengthen the policy and administrative environment for enhancing local source revenues from real property taxes by instituting reforms in real property valuation and assessment.
– The Development Objective Assistance Agreement: Improved Health for Underserved Filipinos between the Department of Health and the US Government through the United States Agency for International Development (USAID). The project will focus on the country’s priority health concerns such as tuberculosis, family planning, maternal and child health, and improving governance mechanisms that have bearing on the implementation of the Universal Health Care Act.
– A two-year extension of the World Bank loan validity for the Philippine Rural Development Project of the Department of Agriculture, from May 31, 2021 to May 31, 2023.
– A one-year extension for each of the five existing bilateral agreements between the governments of the Republic of the Philippines and the United States covering the areas of Economic Growth and Democracy and Governance, Basic Education, Health, Mindanao Peace and Development, and Environment, Water, and Climate Change. (PressONE.ph)