No surprises: Manny Pangilinan impressed by Ramon Ang’s ‘whopping bid’ for NAIA

Bilyonaryo Manny Pangilinan wasn’t surprised that a group led by Ramon Ang’s San Miguel Corporation (SMC) secured the P170.6-billion contract to operate and rehabilitate the Ninoy Aquino International Airport (NAIA).

The SMC-led consortium bagged the project by offering the government an 82.16% share in airport revenues over the next 15 years.

“Whopping bid, right?,” Pangilinan said.

“Frankly I wasn’t surprised, having competed against Ramon in the past. What else can I say?,” the bilyonaryo added. “We may question his tactics, we may question his motivations, but I think he’s fairly serious.”

Metro Pacific Group, which Pangilinan leads, was part of the GMR Airports Consortium which lost to San Miguel’s offer.

The other losing bid was made by the Manila International Airport Consortium (MIAC) which was composed of Aboitiz InfraCapital, Ayala’s AC Infrastructure Holdings Corp., JG Summit Holdings, Alliance Global-Infracorp and Filinvest.

Despite failing to bag the project, Pangilinan praised his newfound business partner and called him “underestimated” within their league.

Ang’s SMC is also in the process of building the New Manila International Airport in Bulacan.

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