Pangilinan-Led MPIC Ventures to Bid for P108.19 Billion Airport Project Under Pres. Duterte


One of the country's conglomerate headed by Manny V. Pangilinan, the Metro Pacific Investments Corporation (MPIC) will venture into aviation infrastructure of the Duterte administration by participating in the auction of several Public-Private Partnership Project (PPP).




The MPIC wanted to assist the national government headed by Pres. Rody Duterte and various Cabinet Members in assisting the government in building domestic and international airports in the different parts of the Philippines.

During the Euromony Philippines Investment Forum in Taguig city, Karim Garcia, Vice Pres. for Business Development of MPIC was quoted as saying "We want airports to be our next new industry - vertical as we call it - because right now we're in roads, rail, water, power and hospitals," Garcia said.

Businessman Manny Pangilinan and his firm MPIC said that it will join the bidding for the Five (5) regional airports project worth around P108.19 billion ($2.4 billion) of the Department of Transportation (DOTr).



Although the said projects were still in the drawing board of the Transportation Department as they did not release yet a bid submission date, MPIC already spent "a considerable amount of time, money, and effort" on the aiports PPP deal.

According to DOTr, aside from the regional airports, the MPIC official said his office is keen on helping the government to build a new international airport that will support the dilapidated Ninoy Aquino International Airport (NAIA).

Pangilinan-Led MPIC Ventures to Bid for P108.19 Billion Airport Project Under Pres. Duterte Pangilinan-Led MPIC Ventures to Bid for P108.19 Billion Airport Project Under Pres. Duterte Reviewed by Phil Newsome on 9/11/2016 Rating: 5

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