“WOW Philippines” to its more modern tagline “Its more Fun
in the Philippines”- but it can only do so much when the attractiveness of the
different destinations in the country, the first thing the tourists/investors
will see is our dilapidated airport.
Economists have long said the Philippines is an attractive
destination for investors, but its infrastructure - once among the most
advanced in the region - has become a logistical headache as the economy and
population expand rapidly.
The Ninoy Aquino International Airport has a designed
capacity of 31.5 million passengers per year, currently estimates have it
serving around 40 million passengers per year. As a result airlines and
passengers suffer chronic delays because
of congestion at the airport. *
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| NAIA is up for a major modernization, will the name be changed also? (photo credit to owner) |
A report from the ABS-CBN website last December 5, states
that seven (7) of the country's biggest
corporations eye forming a 'super consortium' for the rehabilitation and
modernization of the Ninoy Aquino International Airport (NAIA).
The seven (7) companies are composed of the following : Ayala
Corp., LT Group, Filinvest, JG Summit Holdings, Aboitiz Equity Ventures, Metro
Pacific Investments, and Megaworld Corp.
The report also said the planning and the expansion of the
Philippines busiest airport was put on hold as the government comes up with a
comprehensive Luzon air gateway master plan.
September of last year, a Philippine inter-agency panel
chaired by President Rodrigo Duterte approved for auction a P74.56 billion
($1.57 billion) contract to overhaul Manila's over-stretched international
airport.
The Philippines is a nation that is in need of badly
upgrading its aging roads, ports and airports to further stimulate one of the
world's quickest-growing economies, and to meet a long-overdue need for an
infrastructure revamp to maintain competitiveness.
The Ninoy Aquino International Airport (NAIA) development
is the first public-private partnership (PPP) project approved by the National
Economic and Development Authority (NEDA) Board since Duterte assumed office .
The National Economic and Development Authority ( NEDA) has approved the upgrading of NAIA with an
indicative cost of P74.56 billion ($1.65 billion).
The seven groups are planning on working together to finally
have this infrastructure project implemented.
*
Under the plan, the private partner/s will improve, upgrade
and enhance the operational efficiencies of all existing terminals of the NAIA
covering both landside and airside (except air traffic services), to meet
International Civil Aviation Organization (ICAO) standards and develop the main
gateway airport of the Philippines.
report from abs-cbn website
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