Newport World Sponsor Tan Joins Manila Airport Upgrade Bid

A company linked to Philippine entrepreneur Andrew Tan is reportedly bidding for a $170.6 billion ($3.08 billion) public-private partnership project to upgrade Ninoy Aquino International Airport (pictured), a major aviation hub in the Philippine capital of Manila.

Alliance Global Group Inc., a conglomerate founded by Mr. Tan’s family, is also investing in the Newport World Resort casino complex next to the airport through Travelers International Hotel Group Inc., which is connected to an aviation hub through a footbridge.

The U.S. Department of Transportation on Wednesday identified four aviation hub upgrade bidders – Manila International Airport Consortium (MIAC), Asia Airport Consortium (GMR) and SMC SAP and Co Consortium, Business World Online reported, citing the transportation ministry.

MIAC 컨소시엄에는 Mr. Tan’s Alliance Global InfraCorp Development Inc, Aboitiz InfraCapital Inc, AC InfraCorp Holdings Corp, Asia’s Emerging Dragon Corp, Filinvest Development Corp, JG Summit InfraCorp Holdings Corp, GIP EM MIAC Pte Ltd.

The outlet noted MIAC had previously submitted $267 billion in unnecessary proposals for airport operations and modernisation, but were rejected by the government.

The airport’s upgrades and potential for expansion have long been touted by the national government as an important factor in expanding tourism in the Philippines. Large private casinos in the Philippines, including properties in the capital’s Entertainment City section, have been keen to attract foreign tourists as gambling customers.

In the short term, Philippine Tourism Minister Christina Frasco said the country aims to attract 7.7 million foreign visitors in 2024 after exceeding its 2023 arrival target in mid-December. That’s about 52% more than the less than 5.07 million foreign visitors coming to the Philippines in the calendar year to mid-December.

BY: 바카라 필승법

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