July 31, 2019 / 3:06 AM / 6 months ago

Philippines' San Miguel set to win $14.5 bln airport project -transport ministry official

MANILA, July 31 (Reuters) - Philippine conglomerate San Miguel Corp is set to win a contract to build and operate a 735.6 billion pesos ($14.47 billion) airport project aimed at decongesting Manila’s ageing facility, a government official said on Wednesday.

San Miguel’s unsolicited bid went unchallenged following a two-month period for companies to buy and submit Swiss challenge documents, Giovanni Lopez, chairman of the transport ministry’s bids and awards committee, told reporters.

The Philippine conglomerate has proposed building and operating a new international airport north of the capital over a 50-year concession period. It will be designed to cater to 100 million passengers per year. (Reporting by Neil Jerome Morales)

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