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The Philippines on Wednesday received bids from four groups for a 170.6-billion peso ($3 billion) contract to upgrade and operate its main airport in Manila.
The groups that submitted bids were Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMC SAP & Co Consortium, Transportation Secretary Jaime Bautista said before opening the offers. The concession period is 15 years, and extendable by 10 years.
The Ninoy Aquino International Airport, the main gateway for travellers to the Philippines, has been handling traffic well beyond its capacity of 33.2 million passengers a year.
In 2019, the last full year of the pandemic, passenger traffic reached 47.9 million.