Philippines consortium makes $1.8b bid to upgrade Manila airport

Philippines consortium makes $1.8b bid to upgrade Manila airport

Manila, the Philippines. Photo by Aeron Oracion on Unsplash

Six of the Philippines’ largest conglomerates have made a fresh 100 billion peso ($1.79 billion) bid to the government to upgrade and operate the capital city’s ageing international airport, a stock exchange disclosure showed on Thursday.

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