PH conglomerates form consortium to upgrade NAIA international airport

Photo by chuttersnap on Unsplash

Six conglomerates in the Philippines, including a tycoon-owned construction firm, have agreed to form a consortium to upgrade the Ninoy Aquino International Airport (NAIA) after years of battling to grab the $1-billion project.

The conglomerates are Aboitiz Equity Ventures Inc, Ayala Corp, Alliance Global Group Inc (AGI), Filinvest Development Corp (FDC), JG Summit Holdings Inc (JGS), and Metro Pacific Investments Corp (MPIC), including Asia’s Emerging Dragon Corp, a heavy and civil engineering construction company owned by business magnate Lucio Tan, who also owns Philippine Airlines.

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