Rappler
[Vantage Point] The urgency of a NAIA facelift
The Department of Transportation (DOTr) is targeting the privatization of the Ninoy Aquino International Airport (Naia) by the first quarter of 2024.
The DOTr and the Manila International Airport Authority (MIAA) submitted their joint plans to the National Economic and Development Authority (NEDA) on June 2.
Investors must commit P141 billion in investments, exclusive of a P30 billion straight-up payment, P2 billion annuity payments, and a share of Naia's total revenue.
The NAIA Public Private Partnership (PPP) project will include operations, maintenance, and NAIA upgrades for 15 years.
Transportation Undersecretary Roberto Lim stated that the privatization is expected to improve efficiency and generate income for the government.
Lim also clarified that airport employees will be offered opportunities to work with the privatized airport facilities.
The MIAA will continue to operate as a regulator, overseeing the concessionaire.
Lim stressed that the procurement law slows down the airport's rehabilitation, and PPP can lead to a faster rate of investment.
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The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have submitted a joint proposal for a Public Private Partnership (PPP) to upgrade the Ninoy Aquino International Airport (NAIA).
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Senator Grace Poe reiterated her support for the privatization of the Ninoy Aquino International Airport (Naia), emphasizing the need for penalties against concessionaires for any service lapses.
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The Manila International Airport Authority (MIAA) is fast-tracking various improvements at the Ninoy Aquino International Airport (NAIA) to enhance passenger experience and operational efficiency.
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Senator Grace Poe questioned whether the recent power outage at NAIA Terminal 3 was accidental or intentional, marking the third such incident in six months.
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A consortium of seven major Filipino conglomerates and a US-based infrastructure firm, the Manila International Airport Consortium (MIAC), has proposed to rehabilitate and upgrade NAIA to transform it into a world-class regional airport hub capable of accommodating 70 million passengers annually.
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