Turkish TAV Airports to bid in Philippines project
ISTANBULA consortium which includes Turkey’s TAV Airports (TAV) has submitted the pre-qualification documents for the Private-Public-Partnership Regional Airports Project in the Philippines.
“The project consists of the operations and maintenance of the Bacolod-Silay, Iloilo, Davao, Laguindingan and New Bohol-Panglao [Tagbilaran] airports, which served around 9 million passengers in 2014,” said TAV Airports on Aug. 17, in a written statement to the Public Disclosure Platform (KAP).
The Philippine Airports Consortium consists of the Metro Pacific Investments Corporation (MPIC) with a 60 percent share and Philippines Airports Management Company (PAMC), a joint venture between Aéroports de Paris Management SA (ADPM), a subsidiary of Aéroports de Paris, and TAV, with a 40 percent share, according to the statement.
MPIC, ADPM and TAV have entered into an exclusive Philippine airport consortium agreement to govern their relationship with one another in participating in the bidding for the PPP Regional Airports Project, added the company.