Consortium touts...

PAGE 7 includes international hubs such as London Gatwick Airport, Sydney Airport and Edinburgh Airport.

The consortium’s NAIA master plan has three key phases of development.

Phase 1, also called Quick Wins, will be implemented in the first two years and is intended to raise the capacity of the airport to 54 million passengers per annum (MPPA) by 2025 and improve reliability while reducing queuing times.

Phase 2 will increase the airport’s capacity to 62.5 MPPA by 2028 by expanding the terminal floor area and adding airfield facilities and improvements in crossterminal transportation.

Phase 3 will further increase NAIA’s capacity to approximately 70 MPPA by 2048 and consists of long-term expansion and development projects to further expand terminal space and airfield capacity.

The consortium projects the rehabilitation of NAIA to generate P446 billion in gross economic value. This includes, in gross value basis, P100 billion from gross value-add in tourism activities, P152 billion from increased passenger comfort, P60 billion from passenger time savings, P65 billion from aircraft decongestion savings, and P65 billion from new local jobs.

“We will spend around P267 billion in order to get this airport up to speed,” Ayala Corp. president and CEO Cezar Consing said. “Now out of the said figure, around P57 billion is just the concession figure. Afterwards, another P57 billion will be the capital expenditures (Capex) for the rehabilitation of NAIA for the first 5 years. Finally, around P154 billion will be the Capex for year 6 to year 25.”

In 2019, NEDA’s Investment Coordination Committee approved a P102billion unsolicited proposal from Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group Inc., Asia Emerging Dragon, Filinvest Development, JG Summit and Metro Pacific Investments Corp. to rehabilitate the NAIA. n