Transportation Secretary Arthur Tugade has commended the efforts of the seven conglomerates involved in the proposal to improve and expand the Ninoy Aquino International Airport (NAIA) that will now allow the project to move forward more than a year after it was pitched.
“We are now ready to make a final presentation to the NEDA-ICC. My target is to have this completed within 90 days,” he said.
The NAIA consortium, composed of some of the country’s biggest conglomerates which are Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings Inc., and Metro Pacific Investments Corp., plans to invest 102 billion plan to renew, upgrade, expand, operate, and maintain the aging NAIA.
The proposal involves extending and interconnecting the current terminals of NAIA, upgrading airside facilities, improving commercial facilities to increase airline and airport efficiencies, enhancing passenger comfort and experience, and elevating the status of NAIA as the country’s premier international gateway. Tugade said the clock is also ticking for the Cavite provincial government’s proposal for the development of Sangley airport in Cavite.
News source: Philippine Star