Breaking news: Under rehab plan, NAIA may be in private sector’s hands for 25 years – DOTr
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NAIA. The facade of the Ninoy Aquino International Airport.
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Raising the concession period for the solicited proposal to 25 years would mirror the period in the Manila International Airport Consortium’s own P267-billion unsolicited proposal
MANILA, Philippines – The plan of the Department of Transportation (DOTr) to rehabilitate the Ninoy Aquino International Airport (NAIA) through a solicited proposal may now see the country’s main gateway handed over to the private sector for up to 25 years.
In the DOTr’s original solicited proposal, a private concessionaire would take charge of rehabilitating and upgrading the airport, and in return, it would have 15 years to run the airport and make a profit.
Now, the DOTr is considering including an option for the airport’s private operator to extend its 15-year concession period by a decade.
“We are also incorporating in our proposal an option to extend it by another 10 years in the event circumstances warrant [it]. That’s how we are approaching it – so 15 with an option to extend it to 10,” said Transpor