MANILA, Philippines – Some of the Philippines’ tycoons have reassembled their super consortium in a bid to rehabilitate the Ninoy Aquino International Airport , infamous for being labeled as the world’s worst gateway.
The Avengers-like setup ensures that the airport fix would have the money, but talks still failed during the previous administration of Rodrigo Duterte due to regulatory deadlocks. The billionaire team is giving it another shot under President Ferdinand Marcos Jr. Six conglomerates have reunited: Aboitiz InfraCapital, AC Infrastructure, Asia’s Emerging Dragon Corporation, Alliance Global-Infracorp Development, Filinvest Development Corporation, and JG Summit Infrastructure Holdings Corporation.What’s the difference this time around?The conglomerates have tapped Global Infrastructure Partners for the proposed rehabilitation.
“We are ready to put our combined resources forward in partnering with the government on this massive undertaking. Our consortium brings unrivaled expertise, proven solutions, and extensive capital,” said Kevin Tan, Alliance Global chief executive officer and MIAC director.
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