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THE government will, as part of a long-term plan, eventually monetize the Ninoy Aquino International Airport (Naia) complex once the two international airports under construction—the Bulacan and Sangley airports—are operating, and see proceeds of P7 trillion from the 70-hectare prime lot. Transportation Secretary Jaime J. Bautista bared this during a…
The government will require the winning bidder for the multibillion-peso Ninoy Aquino International Airport (Naia) redevelopment deal to make an upfront payment — initially pegged at P30 billion. Department of Transportation (DOTr) Secretary Jaime Bautista said this premium payment, which is typical for public-private partnership (PPP) deals even during the…
THE Department of Transportation (DOTr) Secretary Jaime Bautista said the government could award the multibillion-peso rehabilitation deal for the Ninoy Aquino International Airport (Naia) by the end of the year. Assuming that the agency will publish the terms of reference (TOR) for the P170-billion Naia Rehabilitation Project soon, the department…
Consortium unveils proposal for Naia rehab, eyes 70 million passengers every year by 2048