That was how one top gun at the CIAC called the “frenzied lobbying” that the “knocked-down-but-not-yet-out” Bristeel Overseas Ventures Inc. (BOVI) is overtly undertaking and covertly underwriting in the local media through a so-called “Pampanga Media Group.”
The purportedly Malaysian BOVI is reportedly also moving earth and promising heaven to ingratiate itself with the mayors of the Metro Clark municipalities to support its stalled bid for the DMIA expansion project and undermine the Philco Aero advantage. So claimed our CIAC man, who was also kind enough to give us a teaser of a backgrounder on the issue at hand.
In its regular meeting on May 17, 2010, the CIAC Board “resolved to accept for detailed negotiations” the proposal of the Philco Aero Inc. on the Passenger Terminal 2 Development Project of the DMIA, as it was deemed “superior” to the BOVI proposal.
The decision was primarily based on the comparative presentation of submitted proposals presented to the board by the joint venture selection committee (JVSC).
Pardon my ignorance in this business of proposals, bids and awards: If the board has accepted Philco Aero’s superior proposal, why is BOVI still running after the project?
There is a proviso that in the event the detailed negotiations prove unsuccessful, or Philco Aero’s so-called eligibility check fails, then the JVSC and subsequently the CIAC Board is duty-bound to “promptly re-evaluate” BOVI’s proposal.
Joint Venture Rules also hold that the parties, CIAC and Philco Aero in this instance, shall complete the Stage Two process, meaning the detailed negotiations, within 30 calendar days upon acceptance of the proposal. It’s been way over 30 days since and nothing concrete has come out publicly from the end of both CIAC and Philco Aero.
So BOVI is now drawing capital stock out of these perceived lapses to advance its nearly-lost claims on the DMIA expansion project?
It’s obvious. Look at what’s being paraded in the press by its so-called “Pampanga Media Group” – BOVI having the superior proposal, BOVI having the best financial capability to develop DMIA, BOVI being a victim of CIAC injustice, ad nauseam – short of hailing BOVI as the second coming of Christ himself.
Seems to me that what BOVI lost in the CIAC corporate boardroom, it now desires to regain through the media forum.
Forum shopping there, in a way. Or – as a local wag puts it – forum shoplifting.
Yes, as in this Friday’s so-called “airport summit” at Holiday Inn Resort-Clark coordinated by BOVI’s “Pampanga Media Group” where there shall be the “Investor’s Presentation – Manifestation for DMIA T2” of “Undertaking to develop the DMIA existing Terminal 1, Major Expansion (7MPPA) Project through a joint venture agreement with CIAC.”
An airport summit of one – solely BOVI’s, with no CIAC, no airport stakeholder participating. Indeed, a ludicrous proposition worthy of the ever-fixing, ever-failing wily coyote of the roadrunner cartoon show.
Whatever – shopping or shoplifting – BOVI’s forum has stolen not so much the thunder from Philco Aero’s accepted proposal as the flash of lightning from CIAC’s scrap scandal.
Not too long ago the double visionary Deng Pangilinan said the scrap misdeal involving CIAC President-CEO Victor Jose Luciano was a cover-up for the failure of CIAC to effect negotiations for the DMIA T-2 expansion project.
Now, it seems the shoe is on the other foot. The BOVI media brouhaha is taking out of the public mind the demolition-job-for-scrap-profits at the CIAC.
Indeed, a brilliant steal there.
