Breaking news: Consortium touts ‘fastest’ way to upgrade NAIA

THE Manila International Airport Consortium (MIAC) on Monday touted its P267-billion proposal as the “fastest route” to modernizing the Ninoy Aquino International Airport (NAIA).

During a press briefing, the MIAC said its unsolicited proposal (USP) has already completed the necessary technical, economic and financial studies.

The consortium is made up of six of the Philippines’ biggest conglomerates — Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Asia’s Emerging Dragon Corp., Alliance Global-Infracorp Development Inc., Filinvest Development Corp. and JG Summit Infrastructure Holdings Corp.

Ninoy Aquino International Airport’s (NAIA) Terminal 1 in Pasay City. PHOTO BY J. GERARD SEGUIA

It said that if awarded the concession this year, its master plan can be implemented soon after.

The USP “represents the fastest route to the rehabilitation and modernization that NAIA urgently needs,” Cosette Canilao, president and chief executive officer of Aboitiz InfraCapital Inc., said.

The Department of Transportation (DoTr) and the Manila International Airport Authority (MIAA) already submitted to the National Economic and Development Authority (NEDA) a P141-billion