MetroPac seeks foreign partner for Mactan-Cebu airport bid

Posted at 01/16/13 5:56 PM

MANILA, Philippines - Manuel V. Pangilinan-led Metro Pacific Investments Corp. is scouting for potential foreign technical partners as it joins the auction for the P17-billion Mactan Cebu International Airport project.

"Yes, we are talking [with a] potential partner for the technical or what you call an airport operator," Pangilinan told reporters on Wednesday.

MPIC has long expressed interest in joining the auction for the project concerning the country's second largest international airport next to the Ninoy Aquino International Airport.

"We have to have the right partner that will qualify with respect to our bid," Pangilinan stressed.

He added MPIC is eyeing to form a special purpose vehicle together with other partners and bid for the airport project.

MPIC will be facing the Ayala-Aboitiz joint venture for the Mactan-Cebu airport project auction. The Ayala and Aboitiz groups last year have already tapped US-based global airport operator ADC & HAS Airports Corp. to boost its bid for the said project.

A pre-qualification conference has been slated on Jan. 28, and interested investors should submit qualification documents by Feb. 28.

Those who pre-qualify will be asked to submit technical and financial proposals on Aug. 2, as the Notice of Award is expected to be given to the winner on Sept. 17.

The Transportation department on Tuesday has reiterated airline owners such as diversified San Miguel Corp. and JG Summit Holdings are barred from entering the auction. The rule has been imposed so no favors will be given to select airlines.

San Miguel has a controlling stake in flag carrier Philippine Airlines, while JG Summit owns budget airline Cebu Air, Inc. (Cebu Pacific).