By Reuters Staff
3 Min Read
MANILA (Reuters) - Philippine conglomerate San Miguel Corp and another domestic firm have submitted offers to operate the country’s ageing main airport after the government turned down another joint venture’s 109 billion pesos ($2.27 billion) proposal.
Modernising the congested Manila airport and ending chronic flight delays were among the largest projects under President Rodrigo Duterte’s $180 billion infrastructure overhaul, his signature economic policy.
San Miguel and Philippine Airport Ground Support Solutions Inc (PAGSS) are in line for the project after separately submitting unsolicited bids, Ed Monreal, general manager of the Manila airport agency, said in a senate hearing.