Philippines rejects $4.9b private offer to upgrade ageing airport

Philippines rejects $4.9b private offer to upgrade ageing airport

FILE PHOTO: Travelers from China line up at the immigration at the Ninoy Aquino International Airport, in Pasay City, Metro Manila, Philippines, January 24, 2023. REUTERS/Lisa Marie David/File Photo

A Philippine inter-agency panel chaired by President Ferdinand Marcos Jr on Wednesday rejected a 267 billion pesos ($4.9 billion) unsolicited offer from a local consortium to operate and upgrade the country’s ageing main international airport.