“A consortium of six of the Philippines’ biggest conglomerates on Tuesday dropped a proposal to upgrade and operate the country’s main airport, as the impacts of the coronavirus hit the viability of the $2 billion project” Reuters reports.
“Modernising the ageing and congested Manila airport was among the largest projects of President Rodrigo Duterte’s $180 billion ‘build, build, build’ planned infrastructure overhaul, his signature economic policy.”
“The consortium said it reviewed its plans in light of the impact of the coronavirus on global travel and proposed to the government changes to ensure the Ninoy Aquino International Airport (NAIA) project was viable.”