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China-Brunei joint venture signs Phase 2 petrochemical project deal
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China-Brunei joint venture signs Phase 2 petrochemical project deal
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Published February 4, 2021, 2:30 PM
DAVAO CITY – National Economic Development Authority (NEDA)-Davao Director Maria Lourdes Lim said the unsolicited proposal of Chelsea Logistics and Infrastructure Holdings Corp. to modernize the Davao International Airport (DIA) is currently being considered and evaluated by the technical board of the Investment Coordination Committee (ICC).
WIKIPEDIA/ MANILA BULLETIN FILE
She said the proposed project, which will cost the firm of the Davao-based tycoon Dennis Uy at least P48.97 billion, is intended to expand and upgrade facilities in the DIA through a public-private partnership (PPP) scheme.
Uy’s firm had submitted an unsolicited proposal for the multi-billion Davao International Airport Development Project on May 28, 2018 and had been granted by the Department of Transportation (DOTr) with “original proponent status” for the operation, maintenance, and expansion of the airport.