MANILA -- Six Philippine conglomerates and a U.S. fund have made a joint proposal to the government for a 100 billion Philippine pesos ($1.8 billion) project to upgrade and run the Manila airport, the group said on Thursday.
Transportation
Philippine conglomerates pitch $1.8bn upgrade for Manila airport
Backed by a U.S. fund, companies revive bid to take over busy hub
A passengers arrives at the Ninoy Aquino International Airport in the Philippines. © Reuters
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