San Miguel-led group outbids rivals for NAIA

A SAN Miguel Corp. (SMC)-led consortium has submitted a revenue-sharing offer well over competing bids for the P171-billion Ninoy Aquino International Airport (NAIA) rehabilitation, operation and maintenance project.

The Transportation department on Thursday announced that the SMC SAP Company Consortium, composed of SMC’s San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc. and South Korea’s Incheon International, had proposed to give the government 82.16 percent of revenues from the project.