Deal Pipeline

The deal pipeline tracks 119 deals worldwide, spanning more than 57 countries and 237 airports.

Origin Country
Philippines

airport deal

Philippines – Sangley Point (Atienza)

Operator // Philippines Navy

Overview

Overview

In February 2018, the Provincial Government of Cavite (PGC) submitted a proposal to the Dept. of Transportation (DoTr) for conversion of the 1,500 ha Atienza Navy base to civilian commercial use. The PGC proposal includes an initial phase budgeted at USD4.0b with a capacity of 25m pax/year for completion in 2022 and the second phase estimated at USD6.6b to be complete by 2028, master planned with a total of four runways and airside/landside facilities designed to handle up to 130m pax/year. A rival USD12b private-sector unsolicited proposal was also submitted to DOTr by Sangley Airport Infrastructure Group (SAIG), a consortium of Solar Group’s Wilson Y. Tieng and tycoon Henry T. Sy, Sr., as well as a separate proposal from Japan Int’l Co-operation Agency. Under DOTr rules, in the event of competing public-sector and private-sector proposals, preference and priority shall given to gov’t-to-gov’t. In March 2019, media reported that as the project will be structured under the the PGC’s PPP Code, National Economic and Development Authority (NEDA) approval is not required - authorization rests with the Office of the President under Executive Order 74 passed in Feb. 2019. The deal must not include any national government guarantees, subsidies or equity. 

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Included Airports

Airports

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Philippines

1 airport

Transaction Stage

Stage

Deal has been archived

Deal transaction stage will no longer be updated when a deal has been marked as archived.

Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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