Speaking to businessmen on Tuesday, January 12, Dominguez noted that the build-operate-transfer (BOT) law requires a certain amount of equity on the proponent’s side.
“The law requires a certain amount of capital and they don’t have it. And the only thing that we have seen so far are press releases that they have capital. But we haven’t seen it in actuality,” Dominguez said, without naming a specific company.
Although unnamed, he was referring to Megawide Construction Corporation, who submitted all the financial requirements last year to Manila International Airport Authority (MIAA) in compliance with their bid for the NAIA rehabilitation. However, it was learned during last years Senate investigation on the matter that MIAA decided not forward to NEDA and instead outright rejected Megawide’s proposal without giving any explanation.
Megawide currently has a motion for reconsideration pending and will be discussed in MIAA’s board room meeting today January 14, 2020.
Various groups and individuals online such Passenger Forum, Cebu Business Clubs and others have thrown their support for Megawide’s proposed rehabilitation.
Hong Kong based businessman, Kingly Choi, who is based in Hong Kong but grew in Manila for a time lamented, “MIAA probably wants to keep control of NAIA and not give it up to the private sector so they can continue their “rackets”; drugs, human trafficking, and others.”
It can be recalled during the government’s control of the airport, through MIAA, scandals such as the “Tanim Bala”, Pastillas, collapsing ceiling, VIP escort, and smuggling of drugs and exotic animals was rampant.
Choi furthers “this racket adds to billions in the pocket of the corrupt officials running MIAA.”