{"id":329495,"date":"2024-09-16T13:28:26","date_gmt":"2024-09-16T05:28:26","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329495"},"modified":"2024-09-16T13:28:28","modified_gmt":"2024-09-16T05:28:28","slug":"trade-the-news-aevs-infracapital-bangs-laguindingan-airport-contract","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-aevs-infracapital-bangs-laguindingan-airport-contract\/","title":{"rendered":"Trade the News: AEV’s InfraCapital bangs Laguindingan airport contract"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Aboitiz Equity Ventures<\/td><\/tr>
Stock Code<\/strong><\/td>AEV<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 52.28<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

Aboitiz InfraCapital, Inc., the infrastructure development company of Aboitiz Equity Ventures (AEV), will be awarded the contract to operate and maintain the Laguindingan International Airport in Misamis Oriental, the Department of Transportation (DoTr) said.<\/p>\n\n\n\n

\u201cThe Laguindingan PPP (public-private partnership) project will be awarded to the original proponent,\u201d Transportation Secretary Jaime J. Bautista said in a Viber message to BusinessWorld on Sunday.<\/p>\n\n\n\n

\u201cThere were no other proposals received by deadline,\u201d he added.<\/p>\n\n\n\n

The DoTr had extended the deadline for counter proposals to Sept. 13, moving it from the original deadline in August.<\/p>\n\n\n\n

Based on the Instructions to Challengers published by the DoTr and Civil Aviation Authority of the Philippines (CAAP), the notice of award and other post-award requirements will immediately be issued upon the approval of the award by the Transportation Secretary and the governing board of CAAP.<\/p>\n\n\n\n

It added that the original proponent or the winning challenger will execute the concession agreement within five days from its receipt of notification of compliance with the post-award requirements.<\/p>\n\n\n\n

In May, the DoTr announced that at least two parties had purchased bid documents for the comparative challenge.<\/p>\n\n\n\n

The airport will have a capacity of 1.6 million passengers a year, which will increase to 3.9 million by the end of the first phase and to 6.1 million by the end of the second phase.<\/p>\n\n\n\n

According to the PPP Center, the contract for the Laguindingan Airport will run for a period of 35 years.<\/p>\n\n\n\n

(News Source: BusinessWorld<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-329495","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=329495"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329495\/revisions"}],"predecessor-version":[{"id":329497,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329495\/revisions\/329497"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}