Bloomberg News

Philippines, Takenaka Nearing Deal on Manila Airport, Roxas Says

February 13, 2012

Feb. 13 (Bloomberg) -- The Philippine government and Takenaka Corp. are close to agreeing on a “best price” for 23 airport services that the Japanese company can provide at the Ninoy Aquino International Airport, Transportation Secretary Mar Roxas told reporters today in Manila.

The government will bid out the services if talks with Takenaka fail, Roxas said. The government is ready to pay the builder of the airport Terminal 3 in Manila after a local court set “just compensation” at $175 million, Roxas said, adding that the builder had appealed the decision. The government also plans to start inviting bidders by April for the extension of the Light Railway Transit to the south of the capital estimated to cost 30 billion pesos to 35 billion pesos, he said.

--With assistance from Norman P. Aquino in Manila.

To contact the reporter on this story: Joel Guinto at jguinto1@bloomberg.net

To contact the editor responsible for this story: Clarissa Batino at cbatino@bloomberg.net


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