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What to expect at the new Clark Airport

The decision is final. The Original Proponent Status (OPS) awarded to Megawide Corp. to transform the Ninoy International Airport Complex into a world class airport was revoked with finality by the board of the Manila International Airport Authority (MIAA). In its official statement, MIAA cited the lack of financial equity as the reason for cancelling the OPS.
I was privy to the case and know that this is only a reason of convenience. Records show that Megawide met all the financial requirements of the government as early as November, 2020. It even issued secondary preferred shares at the Philippine Stock Exchange just to meet the minimum equity required. ....

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New Clark airport terminal handed over to private operator

New Clark airport terminal handed over to private operator
TED CORDERO, GMA News
© BCDA
New Clark airport terminal handed over to private operator
The newly completed passenger terminal building of the Clark International Airport has been turned over to a private consortium, which will operate the gateway for 25 years.
In a ceremony at the airport site in Pampanga, Megawide-GMR Construction Joint Venture handed over the certificate for the completion of the Clark International Airport New Passenger Terminal Building’s Engineering Procurement and Construction (EPC) works to the Department of Transportation (DOTr) and the Bases Conversion and Development Authority (BCDA).
The event marks the official handover of the facility to the Philippine government, the BCDA said in a statement. ....

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Megawide-GMR moves to save Naia rehab deal

Megawide-GMR moves to save Naia rehab deal
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Megawide appeals status revocation by MIAA

Megawide appeals status revocation by MIAA
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Megawide submits formal appeal for revoked preferential status on NAIA rehab project before MIAA, DOTr

Megawide submits formal appeal for revoked preferential status on NAIA rehab project before MIAA, DOTr
Updated Dec 21, 2020 12:19:00 PM
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The proposed design of the Ninoy Aquino International Airport is inspired by the Banaue Rice Terraces (FILE PHOTO)
Metro Manila (CNN Philippines, December 21) Megawide Construction Corporation on Monday filed a formal appeal to reinstate its preferential status on the plan to rehabilitate the Ninoy Aquino International Airport.
Megawide Chief Branding and Corporate Affairs Officer Manuel Louie Ferrer confirmed the filing of the motion for reconsideration before the Manila International Airport Authority and the Department of Transportation on Monday morning, a week after the regulator voted to strip Megawide and its Indian partner GMR Infrastructure of its original proponent status for the ₱109-billion project. ....

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