“A two-airport strategy is critical. In fact, Manila is the only city we know of that has more than 20 million people that has only one airport,” said Jim Yong Kim, vice chairman of Global Infrastructure Partners, which is part of the consortium.
Kim said that he was not aware at exactly what stage of development each airport is currently in, but that he assumes one of them would be developed while NAIA is being rehabilitated.
“Nearly every city in the world with over 15 million people is served by more than one airport. Having multiple airports allows for decongestion while also providing redundancy to ensure service continuation. This is especially important in the Philippines as it is prone to natural disasters,” Kim explained during MIAC’s press conference on Monday, June 19.
In return, MIAC wants a concession period of 25 years to run the airport and recover its investment – substantially longer than the 15 years given under theMIAC argues that the longer concession period is a “minimum” for it to complete its upgrades – which includes fixing jet bridges, baggage systems, and the ambitious goal of having passengers get through the front door to the shops in 5 minutes.
MIAC also includes Global Infrastructure Partners as its technical, and operations and maintenance partner.
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