The Management Association of the Philippines (MAP), a group of top management and business executives, expressed support on Thursday for the privatization of the Ninoy Aquino International Airport (NAIA).
"The MAP underscores the need to place the rehabilitation and operations of NAIA under private sector management, given its demonstrated capability and extensive resources in undertaking big-ticket, complex public infrastructure projects," the group said.
The Manila International Airport Consortium —composed of Aboitiz InfraCapital Inc., AC Infrastructure Holdings Corp., Asia’s Emerging Dragon Corp., Alliance Global-Infracorp Development Inc., Filinvest Development Corp., JG Summit Infrastructure Holdings Corp.
"The case for privatization is bolstered by the many constraints that have weighed down on our country's main air gateway, hampered in particular by tedious, inefficient, and ineffective government bureaucratic processes and fiscal constraints, compounded by a lack of management autonomy," it added. MAP said that the NAIA privatization should include major upgrades of airport infrastructure, facilities, and processes, such as airside and landside, to include its runway, expanding aircraft movements and passenger throughput capacity, and enhancing operating and maintenance processes through the introduction of modern technology that will have a favorable impact on passenger comfort and airport security.
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