Usd6.7bn Upgrade Proposed for Philippines Airport

A USD6.7 billion proposal to triple the capacity of Ninoy Aquino International Airport (NAIA) in the Philippines capital of Manila has been submitted by a local consortium to the Department of Transportation for consideration.

The 70-year-old airport has far exceeded its original annual capacity of 30 million and last year saw over 42 million passengers transit.

The new proposal has been submitted by a consortium of seven conglomerates with a combined capitalisation of over 2.2 trillion pesos. The plan is for a two phase process which would increase capacity to 100 million passengers per year, although projections expect numbers to rise to 135 million by 2035.

The upgrade is aimed at elevating NAIA to a regional hub like Singapore’s Changi Airport and Bangkok’s Suvarnabhumi Airport and the seven firms have appointed Changi International Airport as their technical partner in the rehabilitation of NAIA.

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