Conglomerates ready to start Naia expansion

A consortium of seven conglomerates said it is ready to start the rehabilitation and expansion of the Ninoy Aquino International Airport once it obtains the green light from the government.
“We are ready to start construction right after we get the notice to proceed and deliver the first phase of expanding Naia’s capacity by 2020″, Naia Consortium spokesman Jimbo Reverente said.
The consortium’s members are Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., AEDC, Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp.
The consortium committed to spend P106 billion over the 15-year concession.
Reverente said the consortium could act quickly because it already had the design, the funds, the technical partner (Changi Airport) and the people to make Naia what it should be.
The airport’s four terminals handle far more passengers than they were built for. They have capacity for 31 million passengers per year but handled 42 million last year. This is expected to increase to around 47 million by 2020.
The proposal promises to have a Naia capacity to match that 2020 projection and then bring its capacity up to 65 million by 2022.

The Naia Consortium proposed to expand and interconnect the existing terminals of Naia, upgrade airside facilities and develop commercial facilities to increase airline and airport efficiencies, enhance passenger comfort and experience and improve public perception of Naia as the country’s premier international gateway.

Source: Manila Standard

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