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Megawide ready to move on from NAIA rehabilitation project

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Megawide Construction Corp. released this artist’s rendering of the “green valley” at the Ninoy Aquino International Airport (NAIA) Terminal 1 under the Megawide-GMR’s P109-billion proposal to rehabilitate the country’s main gateway. COURTESY OF MEGAWIDE CONSTRUCTION CORP. FACEBOOK PAGE

Megawide Construction Corp. is willing to move on to other projects if the Manila International Airport Authority (MIAA) board chooses not to reconsider its decision to revoke the firm’s original proponent status for the Ninoy Aquino International Airport (NAIA) rehabilitation.

“We are awaiting formal communication from the government so that we know what our next steps will be,” the company said in a statement on Friday.

“We already submitted our Motion for Reconsideration but if it is still not enough to meet government requirements, we will respect their decision and move on to other projects that have equal significance.”

Megawide Chairman and Chief Executive Officer Edgar B. Saavedra in November said that the company has been approached by potential investors and financial institutions for the P109 billion airport rehabilitation project.

MIAA in December revoked the original proponent status of the company and its Indian partner GMR Infrastructure Limited, after which the consortium submitted an appeal for reconsideration.

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The company had said that it has complied with all requirements with the government, adding that it has submitted additional documents to prove its financial capability for the project.

San Miguel Corporation has since expressed interest in operating the airport, submitting an unsolicited operations and maintenance proposal denying interest in acquiring a share of revenues. Philippine Airport Ground Support Solutions also expressed interest.

“We truly wish the government and other interested parties success in the transformation of NAIA,” Megawide said. — Jenina P. Ibañez

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