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November 6, 2011

First Pacific may bid for Manila airport

First Pacific may bid for Manila International Airport as the Philippine Government looks to sell the facility to raise $2.5bn.

First Pacific may bid for Manila International Airport as the Philippine Government looks to sell the facility to raise $2.5bn.

The government plans to build a bigger facility north of Manila in the Clark Freeport Zone, and will either retain both airports or just the Clark facility depending on tourism growth.

First Pacific , San Miguel and Ayala are among the companies seeking to bolster revenue from the Philippine’ expansion in airports, power and mining as the government seeks to divest its assets.

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