Super consortium to start NAIA upgrade Q3 2019
The rehabilitation and upgrade of the Ninoy Aquino International Airport is seen to start in the third quarter of next year, the Department of Transportation said.
“They gave us the timeline, they are looking at September 2019, ” said Transportation undersecretary Manuel Antonio Tamayo.
Tamayo, however, pointed out that the NAIA consortium’s proposal would still be subject to review and approval by the National Economic and Development Authority board and to a Swiss Challenge in accordance with the requirements of Republic Act No. 7718 or the Build-Operate-Transfer Law.
The super consortium is conposed of heavyweights Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Alliance Global Group Inc., AEDC, Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp.
Last September, the consortium secured an original proponent status from the DOTr, a step closer to its goal of improving and expanding the outdated NAIA, which has been operating beyond its rated capacity.
The consortium aims to transform NAIA into a regional airport hub and expand its capacity to meet the anticipated growth in passenger traffic. Development cost of the project is estimated at P102 billion.
It aims to increase NAIA’s capacity to as much as 100 million passengers per year from about 40 million in 2017 as part of its goal to make the airport at par with regional gateways such as Changi in Singapore and Suvarnabhumi in Bangkok.