Philippines: NAIA Expressway
Brief on IFC's PPP advisory support to the government of Philippines on a 30-year concession to design, finance, construct, and operate the NAIA Expressway.
Decades of underinvestment in infrastructure in the Philippines has created a huge backlog of projects that need to be studied, developed, and tendered, demanding resources and expertise beyond the capacity of the government. Transportation infra- structure is a significant component of the government’s focus, and to address this, IFC was hired to advise the government on the NAIA Expressway Project—a key part of Metro Manila’s urban expressway system. The NAIA Expressway aims to provide a high-quality direct link to the country’s international airport and augment heavily- congested major thoroughfares. When the fully elevated NAIA expressway is com- pleted, average travel time for the routes identified is expected to be cut by a least 50 percent.
Optimal Infrastructure Development, Inc. (ODI), a subsidiary of one of the top Phil- ippine conglomerates, San Miguel Corporation, won the international competitive tender for the 30-year concession to design, finance, construct, and operate NAIA Expressway. The agreement was signed in July 2013.
