NAIA-solicited PPP proposal sent to NEDA
THE Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) submitted Friday their joint proposal for the NAIA solicited Public Private Partnership (PPP) Project for approval by the NEDA Board.
The project aims to increase the capacity of NAIA and ensure safe operations while significantly improving the passenger experience at the airport through shorter waiting and processing times, more comfortable and 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 a chance, private companies can provide excellent airport services to Filipino travelers and visitors to the Philippines. 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,” said DOTr Secretary Jaime J. Bautista.
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 (ADB).
