PPP: Japanese firm to bid for airport PPP projects

Japanese firm Sojitz Corp. has joined the list of companies interested in bidding for the five regional airport projects to be undertaken by the Department of Transportation and Communications (DOTC) under the public-private partnership (PPP) program.

According to PPP Center Executive Director Cosette Canilao, six companies have expressed interest in the said auction. Aside from Sojitz, other companies that bought bid documents include the tandem of Metro Pacific Investments Corp., JG Summit Holdings, Inc., San Miguel Corp. (SMC), the GMR-Megawide Group, Philippine Skylanders and the Aboitiz Group.

A general trading company, the Sojitz Group is engaged in buying, selling, importing and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects in Japan and overseas. It also invests in various sectors and conducts financing activities.

It is also involved in a broad range of sectors, including aerospace, automobiles, plants, energy, mineral resources, chemicals, foodstuff resources, agricultural and forestry resources, consumer goods and industrial parks.

To attract more investors, the DOTC has divided the five regional airports into two bundles. The first bundle involves the P20.26-billion Bacolod-Silay Airport and the P14.62-billion Laguindingan Airport, while the second bundle involves the P40.57-billion Davao Airport, the P30.4-billion Iloilo Airport and the P2.34-billion New Bohol (Panglao) Airport.

The government is extending the May 18 deadline to give interested companies more time to prepare their qualification documents.

The regional airports projects are part of the 13 PPP projects worth P400.8 billion so far rolled out by the Aquino administration.