The government is working on the terms of reference for the sale of the Ninoy Aquino International Airport, Transportation Secretary Jaime Bautista said.
“We have worked with the Asian Development Bank for the preparation of the terms of reference for the privatization of the Manila International Airport,” Bautista said during a briefing with reporters Wednesday afternoon in Pasay City.
“We hope that the terms of reference will be available by the first quarter of 2023 so we can entertain proposals from interested parties,” he added.
Get the latest news
delivered to your inbox
Sign up for The Juan Kabayan’ daily newsletters
Bautista said the government “will see to it that we will attend to the requirement of the private sector so that their investment will be worth it.”
“They should be able to earn a reasonable [amount] of their investment. We’ll make it investor friendly. Our environment should be investor friendly not only what is good for the government, but what is good for the passengers and what is good for the private sector,” he said.
The Transportation chief disclosed that several parties have expressed intent to bid for the airport.
“I told them let’s finish the terms of reference first. Because the terms of reference will define what we want for the airport. I always tell them that when we modernize our airports it should conform with global standards,” Bautista said.