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NAIA. The facade of the Ninoy Aquino International Airport.
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