Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Solicited bidding scheme considered for Davao Int’l Airport modernization

by
September 15, 2024
in Top News
0
Solicited bidding scheme considered for Davao Int’l Airport modernization
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter
CAAP

THE Department of Transportation (DoTr) said it wants the auction to modernize and operate Davao International Airport to be a solicited process.

The DoTr has said a conglomerate expressed interest in submitting an unsolicited proposal for the airport project.

“They said they are interested in Davao airport, but they have not formally submitted a proposal,” Transportation Secretary Jaime J. Bautista said.

Mr. Bautista declined to identify the company.

“They just expressed interest, they must submit within this year. Because I am planning to make it solicited,” he said.

The DoTr tapped the Asian Development Bank as its transaction advisor for the project, Mr. Bautista said.

If the government takes the solicited proposal route, the terms of reference will already have been defined and thus will go faster, Mr. Bautista noted, judging from the experience of bidding out the Ninoy Aquino International Airport (NAIA) upgrade. This project is considered the fastest public-private partnership (PPP) to progress from submission to investment coordination committee approval and concessions signing.

“Look at our experience with NAIA, it is fast. If we take the solicited route, it will only take a year,” Mr. Bautista said.

On Sept. 14, the San Miguel-led New NAIA Infrastructure Corp. took over the operations and maintenance of the Philippines’ main gateway.

In June, the PPP Center said it delisted the unsolicited proposal for the development, operations, and management of the Davao International Airport, which likely signals the DoTr’s intent to go the solicited route for the project. — Ashley Erika O. Jose

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Incheon Airport seen helping elevate NAIA to international standard

Incheon Airport seen helping elevate NAIA to international standard

Recommended

How Is Technology Shaping the Future of Construction? Here’s What’s Coming

How Is Technology Shaping the Future of Construction? Here’s What’s Coming

October 25, 2024
Malixi leads US Women’s Amateur tilt in Tulsa, Oklahoma

Malixi leads US Women’s Amateur tilt in Tulsa, Oklahoma

August 6, 2024
Navigating change: 10 key shifts shaping sustainability in the Philippines 

Navigating change: 10 key shifts shaping sustainability in the Philippines 

September 15, 2024
Making air travel an exciting experience for families

Making air travel an exciting experience for families

January 7, 2025
PNB raises $300 million via bond offer

PNB raises $300 million via bond offer

October 17, 2024
Business confidence wanes amid fears of energy tax hikes

Business confidence wanes amid fears of energy tax hikes

September 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Capital Raise Presentation

    Capital Raise Presentation

    January 23, 2026
    Capital Raise Presentation

    Capital Raise Presentation

    January 23, 2026
    Investment establishes valuation of C$50M for the polymetallic Häggån project

    Investment establishes valuation of C$50M for the polymetallic Häggån project

    January 23, 2026
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved