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As per the Philippine transportation department, the project involves upgrading of terminals, increasing of capacity to up to 62 million passengers annually, and improving technology infrastructure.
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The merger is expected to be concluded around March, but the procedures indicate completion by February
GMR Airports Infrastructure said the investment is part of the financial partnership announced on December 2022 between the two parties, in relation to investment by NIIF in the equity capital of three airport projects of GMR Airports.