Major Philippine Conglomerates Reveal PHP 267 Billion Plan to Upgrade NAIA

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The Manila International Airport Consortium (MIAC), comprised of the country’s major conglomerates, revealed its plan to allot PHP 267 billion for upgrades to NAIA (Ninoy Aquino International Airport) as a way to prepare for the post-pandemic boom in travel demand.

The consortium is comprised of Aboitiz InfraCapital, Inc., AC Infrastructure Holdings Corporation, Asia’s Emerging Dragon Corporation, Alliance Global – Infracorp Development Inc., Filinvest Development Corporation, and JG Summit Infrastructure Holdings Corporation all in partnership with Global Infrastructure Partners.

NAIA Upgrades Pushed by MIAC

According to the group, it has already submitted its unsolicited proposal to transportation and aviation leaders.

A statement from the consortium laid the plan for how they will execute the said upgrade. Here’s how it will go:

  • Phase 1 – Increase NAIA’s annual passenger capacity from the present 31 million to 54 million. Shorten wait times. The implementation process will last two years.
  • Phase 2 – Improve the terminal floor area which can cater to 62.5 million travelers annually by 2028. Establishing airfield infrastructure and enhancing cross-terminal mobility are both planned.
  • Phase 3 – By 2048, NAIA’s capacity should reach 70 million travelers yearly.

“The Manila International Airport Consortium recognizes the immense task of transforming NAIA to meet the exponentially growing demands of Mega Manila air travel, not only in the here and now but also in the future. It is because of this that the members of the consortium have pooled together their significant resources, technical expertise, and operational experience to put forward a NAIA Masterplan.” 

Kevin Tan, Alliance Global – InfraCorp Development, Inc. Chairman and President.

Moreover, the consortium seeks a 25-year concession period to invest in NAIA’s infrastructure, technology, and services, allocating PHP 211 billion for capital investments. The first five years will be spent on PHP 57 billion, while the remaining PHP 154 billion will be spent over 25 years.

For now, we can only wait for the DOTr’s response to this proposal.

Source | Featured image

Started his freelancing adventure in 2018 and began doing freelance Audio Engineering work and then started freelance writing a few years later.

Currently he writes for Gadget Pilipinas and Grit.PH.

He is also a musician, foody, gamer, and PC enthusiast.

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