The consortium of Megawide Construction Corp. and India-based GMR Infrastructure Ltd. has taken a step forward in leading the rehabilitation of the Ninoy Aquino International Airport (NAIA). The filing comes two years after the consortium submitted a $3-billion proposal to rehabilitate NAIA. “We believe in the potential of NAIA and we see its vital role in our economy’s recovery and continuing development,” he added. The consortium is behind the transformation of the Mactan-Cebu International Airport, the Philippines’ second largest airport. The NAIA Consortium was originally composed of AC Infrastructure Holdings, Aboitiz InfraCapital, Inc., Alliance Global Group, Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings, Inc. and Metro Pacific Investments Corp. (MPIC).

Source: Manila Times July 17, 2020 16:33 UTC