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Philippines relaunches $2.2bn regional airports PPP

After a year of delay, the Southeast Asian country has decided to roll out each of the five projects individually.

The Philippine Department of Transportation has relaunched a tender for the development, operations and maintenance of five regional airports, this time under an unbundled approach. 

The government agency issued an invitation to pre-qualify and bid yesterday, after receiving approval from the National Economic and Development Authority last November on delivering the PPP projects individually. 

The five regional airports include Bacolod-Silay, Davao, Iloilo, Laguindingan and New Bohol, with a combined investment cost of 108 billion Philippine pesos ($2.17 billion; €2.02 billion). The five regional airports were being bid out in two bundles in 2015, and both were expected to be awarded by June last year. The winning concessionaires were expected to operate and maintain the airports for 30 years. 

Presidential elections last year, and the victory of Rodrigo Duterte, then led the administration to halt the process.
The 2017 tender is designed to attract new bidders in addition to those who pre-qualified in 2015, according to the department. Bidders from the last tendering round are also considered pre-qualified for the unbundled projects, the department added, as long as there are no changes in their legal, technical and financial capacity. 

These comprise a consortium of Filinvest Development Corporation, Japan Airport Terminal and Sojitz Corporation; a team made up of Megawide Construction Corporation and GMR Infrastructure; a group pairing up Aboitiz Equity Ventures and Vinci Airports; a consortium of Metro Pacific Investments Corporation and Philippines Airport Management Company; and a group that includes San Miguel and Incheon International Airport Corporation.

The deals mark the first projects being rolled out under the Duterte administration since the president took office at the end of last June.