‘Gokongwei-Gotianun airport PPP lacks documents’
The country’s maiden bundled airport project has been deemed as incomplete by the government, but its proponents are expected to complete the documents needed for the P21.64-billion plan to proceed.
The maiden bundled airport project in the Philippines, a P21.64-billion proposal to upgrade the Davao, Bicol, and Siargao airports, has been deemed incomplete by the government, according to the Civil Aviation Authority of the Philippines (CAAP) director general Raul del Rosario. The private proponents, led by Filinvest Infra-Solutions Ventures Inc. and JG Summit Infrastructure Holding Corp., must submit the missing documents for the plan to proceed.
The consortium, which holds the original proponent status (OPS) for the project, is expected to comply with the missing requirements within the timeline set by the PPP Law. Del Rosario emphasized the significance of completing the project, as it would serve as a benchmark for future airport PPP proposals. If approved, the consortium would have up to 30 years to renovate the Davao and Bicol airports and 15 years for the Siargao airport.
This marks the second airport project involving the Gokongweis and Gotianuns, who also manage the Clark International Airport. The CAAP currently manages 91 projects, mostly focusing on runway asphalting and passenger terminal building expansions.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
