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Manila Bulletin devider Business devider Trade & Industry devider DOTr, MIAA submit NAIA solicited PPP project to NEDA

DOTr, MIAA submit NAIA solicited PPP project to NEDA

Published Jun 3, 2023 05:33 am
The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) submitted their joint proposal for the Ninoy Aquino International Airport (NAIA) solicited Public Private Partnership (PPP) Project for approval by the National Economic Development Authority (NEDA) Board. The project aims to increase the capacity of NAIA and ensure safe operations while improving  passenger experience via shorter waiting and processing times, more comfortable modern facilities, and better connectivity between terminals. To achieve these, the government will require a private concessionaire to invest in modern air traffic control equipment, rehabilitate runways and taxiways, and improve existing terminal facilities. The private concessionaire will have 15 years to operate the airport and recover its investment - a period meant to ensure that there is sufficient capacity to meet growing demand in the Greater Capital Region while new airports elsewhere in the region are still at various stages of development and planning. “Cebu and Clark have shown that when given the chance, private companies can provide excellent airport services to Filipino travelers and visitors to the Philippines," says DOTr Secretary Jaime J. Bautista in his statement issued Friday night. "With this project, it is our goal that travelers to and from Manila, our country’s main international gateway, also benefit from the improvements in efficiency and service that world class airport operators and investors can bring,” he underscored. The solicited and unsolicited mode are the strategies being undertaken by DOTr and MIAA with the assistance of their Transaction Advisor, the Asian Development Bank.
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