ON THE NAIA CONSORTIUM’S UNSOLICITED PROPOSAL



  • Publish Date : 7/8/2020 12:00:00 AM

    In a letter sent to the National Economic Development Authority (NEDA) on 6 July 2020, the NAIA Consortium expressed that they will have difficulty obtaining financing for the NAIA Rehabilitation Project under the terms and conditions as approved by the Investment Coordination Committee (ICC) and the NEDA Board, unless such terms and conditions are revised in accordance with their proposal as contained in their letter dated 5 June 2020.   In view of this, and upon the recommendation of the NAIA Government Negotiating Panel, the MIAA, on 7 July 2020, has terminated negotiations with the NAIA Consortium and withdraws/revokes its original proponent status (OPS).   ###