THE Manuel V. Pangilinan-led Metro Pacific Investment Corp. (MPIC) is keen on participating in the privatization of the Mactan Cebu International Airport.
“We are interested in Cebu. The smaller ones, we may not be interested with those,” said MPIC Chairman Manuel Pangilinan when asked of other airports his group is also eyeing.
MPIC, the local flagship of Hong Kong-based First Pacific Co. Ltd., has been vocal in expressing its interest in getting involved in the upgrade of airports, such as the Diosdado Macapagal International Airport and the Ninoy Aquino International Airport (Naia).
“Cebu is big enough. There is a ready market for Cebu. It is probably the second-largest airport, next to Naia,” Pangilinan said when asked why MPIC has chosen Mactan Cebu airport.
The government has yet to announce the details of the bid for the facility. The Mactan-Cebu International Airport Authority (MCIAA) needs money for its planned development into a world-class and modern airport.
Ayala Land Inc. recently announced its intention to rehabilitate the 300-hectare airport facility. It is awaiting the decision of the MCIAA and the Department of Transportation and Communications on whether they will upgrade or transfer the existing airport.
SM Prime Holdings Inc. earlier submitted a proposal to acquire the same facility, which it intends to develop into a mixed-use complex.
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