The government has rejected Aboitiz Equity Ventures’s (AEV) unsolicited proposal to upgrade, expand, operate and maintain four regional airports, with the Transportation department ruling that the projects should undergo public bidding.

AEV, through wholly-owned subsidiary Aboitiz InfraCapital, Inc. (AIC) last month offered to spend P148 billion to rehabilitate and operate the Iloilo International Airport, Bacolod-Silay Airport, Laguindingan Airport and the New Bohol International Airport.

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