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Tuesday, June 17, 2014

First Phil Holdings mulls bid for provincial airports PPP project

First Philippine Holdings Corp (FPH) is interested in the provincial airports that the government is auctioning off as a bundle under its Public-Private Partnership (PPP) Program.

"We will look at it," FPH president Elpidio L. Ibañez told reporters today.

The government is bidding out the operation and maintenance of the following international airports as one PPP project: Laguindingan, Panglao, Puerto Princesa, Bacolod, Davao and Iloilo.

Ibañez said the company is studying other projects that the Aquino administration will bid out.

“We'll still look at the projects. It also depends on the timing. Kasi just to study a project takes a lot of time and effort," he said.

FPH earlier partnered with Malaysia Airports Holdings Berhad for the P17.5-billion Mactan-Cebu International Airport Project, but lost to the GMR-Megawide Consortium.

In the first three months of the year, Lopez-owned FPH posted a net income of P2.2 billion, lower by P1.1 billion from last year's P3.8 billion. Consolidated revenue amounted to ₱23.2 billion, 5 percent lower than the previous year’s ₱22.2 billion.

- Interaksyon

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