MEDIA STATEMENT

15 December 2020

Refer to Anna Salgado

asalgado@megawide.com.ph
0917.5637629 | 8655.1111 local 710

NOW IS THE TIME FOR PROGRESS AND TRANSFORMATION AT NAIA

Today, the Manila International Airport Authority (MIAA) announced the revocation of the partnership
of Megawide and GMR Infrastructure’s (GMR) Original Proponent Status regarding its P109 billion
proposal to rehabilitate and transform the Ninoy Aquino International Airport (NAIA).

At a time of deep economic crisis, the Filipino people today received a devastating blow against
progress. A critical step towards the Philippines’ national economic recovery was delayed further by
vested and corrupt interests who have spent millions in trying to bring down a capable and qualified
player.

Megawide-GMR will immediately file a motion for reconsideration for its proposal. At all stages,
Megawide has complied with all requirements and interpretations of the government for its
unsolicited proposal. There are no justifiable grounds to deny the Filipino people a transformed NAIA.

Megawide and GMR first submitted a proposal for the rehabilitation of NAIA in 2018. Five months ago,
after nearly two years of failed negotiations with several of the Philippines’ largest conglomerates,
Megawide was asked by the Department of Transportation (DOTr) to consider resubmitting a proposal
for the rehabilitation of the decrepit NAIA.

The Philippine national government even insisted on contract terms that were stricter than those
given to the first proponent.

In response to that challenge, Megawide submitted an innovative proposal that sought not just to
rehabilitate NAIA, but transform it into a first-world, global airport complex. As the only Filipino
company to design, engineer, and operate the Philippines’ only world-class airport today – the
Mactan-Cebu International Airport (MCIA), in tandem with GMR, the world’s fourth largest airport
operator – Megawide has proven its real-world airport experience and success.

Under our proposal, Megawide and GMR will not only rehabilitate facilities; it will also uplift and upskill
the livelihoods of thousands of airport employees to make them experts in their respective fields. We
will break the chains of backwardness, corruption, and inefficiency that have held back our main
gateway’s progress and that of our nation

In September 2020, Megawide delivered the Clark International Airport to the DOTr, ahead of
schedule and under budget. No other company can claim this record of excellence in airport design,
engineering, construction, and delivery.

This November, Megawide and GMR celebrated their sixth anniversary operating the MCIA. On this
occasion, various heads of government and private sector organizations, including President Rodrigo
Duterte, sent messages of congratulations, greeting, and support for MCIA’s anniversary, celebrating
the undeniable contributions of its transformation to the development of the economy and the
Filipino people.

Megawide strongly believes in President Duterte’s vision to deliver world-class infrastructure for all
Filipinos. The company also believes that now, as our people suffer from the dual impact of the public
health and economic crisis caused by the Covid-19 pandemic, is the time for responsible, exemplary
Filipino companies to step up, contribute, and fight for our nation’s economic future.

Our company and people, our partners and stakeholders in airports and other vital infrastructure,
remain fully committed to our mission. No chains, no backward thinking, and no entities with vested
interests can truly bring down progress and the spirit of A First World Philippines.

END