San Miguel Corp;
The New NAIA Infra Corp. (NNIC) has officially taken over management and operation of the Ninoy Aquino International Airport (NAIA) and with it, the task of modernizing the 76-year-old gateway.
NNIC, the consortium that includes San Miguel Corporation (SMC) and Incheon International Airport Corporation, has committed to spend P170 billion to execute its phased but ambitious plan to elevate NAIA to world-class standards. This includes plans to increase passenger capacity from 43 million to 62 million annually and air traffic movements from 42 to 48 per hour.
The government stands to gain about P1 trillion in revenues from the PPP project over the 25-year concession period. This includes the 82.16-percent revenue share to be remitted to the government yearly.
Travelers can expect business as usual, with flights, check-ins, and other services proceeding as normal. The plans for NAIA’s modernization, including terminal reassignments and infrastructure upgrades, will be implemented gradually and strategically in the coming months and years.
NNIC has assured the public that the transition will be seamless, with no disruptions to airport operations.
The things that SMC listed for the Immediate Improvements are things that are supposedly being done by the previous management.
