The super-consortium of the country’s biggest companies detailed their plans to transform Ninoy Aquino International Airport (NAIA) into a ‘bigger, modern, and world-class’ airport.
The plan is divided into two phases.
The first phase includes the general improvement of the NAIA Terminals 1,2, 3, and 4; while the second phase involves the development of a reclaimed area in Manila Bay to a third runway and another terminal, an addition that the conglomerates deemed necessary.
The new terminal and runway will be connected to the current NAIA terminals through a train similar to Light Rail Transit (LRT).
The group also announced its proposal to connect the NAIA terminals to LRT-1 and another proposal to establish Metro Manila subway to make the airport more accessible.
The super-consortium said there is a need to expand and improve NAIA since for economic reasons. The airport is currently accommodating 41 million passengers, way pass its capacity of 31 million passengers.
The group plans to double the floor area of the airport from 364,000 square meters to 263,000 square meters.
If the proposal will be approved, the passenger capacity of NAIA will rise to 47 million by 2020, and 65 million by 2022.
Moreover, larger check-in and baggage areas and centralized immigration and security zones will also be constructed in Terminals 1 and 3.
The super-consortium proposed a budget of P350-billion for the project.
If the Department of Transportation (DOTr) approves the proposal, the offer will be forwarded to the National Economic and Development Authority for further assessment.
Earlier, the consortium submitted a proposal to upgrade, operate and maintain NAIA for more than 35 years.
The “super-consortium” is composed of AC Infrastructure Holdings, Aboitiz InfraCapital, Inc., Alliance Global Group, Inc., Asia’s Emerging Dragon Corp., Filinvest Development Corp., JG Summit Holdings, Inc., and Metro Pacific Investments Corp.
Another proposal was submitted by GMR-Megawide consortium for approximately P156 billion with 18-year concession.
