. Dapat tama lang,” Gavieta explained.
[Translation: In railways, airport systems, toll roads, the government should regulate these in such a way that the private sector’s financial returns aren’t excessive. They should just be the right amount.]
Meanwhile, think tank Infrawatch convener Terry Ridon argued the Department of Transportation threw the private proponent under the bus” when confronted with issues on Megawide-GMR s financial clout. As PPP partners, it was supposed to jointly work with the private proponent to ensure that all eligibility requirements were met prior to submission to the NEDA ICC,” Ridon told CNN Philippines. He noted both sides should have continued working together in the re-submission of a proposal after the body returned the initial one due to incomplete requirements.
Megawide appeals status revocation by MIAA bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Mayroon pang pinto na nakabukas para magkaroon ng pagkakataong pag-usapan ang mga interpretasyon na ito [There s still an open door to tackle this issue and settle varying interpretations], he told lawmakers.
The NAIA rehabilitation project was previously in the hands of the NAIA Consortium composed of Aboitiz InfraCapital, Inc.; AC Infrastructure Holdings Corp.; Alliance Global Group, Inc.; Asia s Emerging Dragon Corp.; Filinvest Development Corp.; JG Summit Holdings, Inc. and Metro Pacific Investments Corporation –– the biggest conglomerates in the country.
However, authorities repeatedly rejected their ₱102-billion proposal until they decided to replace the consortium with Megawide on July 17. Five months later, Megawide was also rejected from carrying out the plan to repair, upgrade, and maintain the country s biggest airport.
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Metro Manila (CNN Philippines) From its humble beginnings as a United States Air Force base, the Ninoy Aquino International Airport eventually evolved into the country s main international gateway.
However, with tens of millions of travelers flying in and out on a yearly basis, congestion had plagued NAIA prior to the coronavirus pandemic as no alternatives were in place to help ease the airport s air traffic.
The government has since greenlit multi-billion peso upgrades of select airports across the country, and even the construction of a new one in Bulacan. Yet the rehabilitation of NAIA itself has faced numerous setbacks over the years, with negotiations between the government and various conglomerates invariably reaching a dead end.