(UPDATE) PRESIDENT Ferdinand Marcos Jr. has approved the P170-billion solicited public-private partnership (PPP) proposal to rehabilitate the Ninoy Aquino International Airport (NAIA), National Economic and Development Authority (NEDA) chief Arsenio Balisacan said on Wednesday.
Marcos, who chairs the NEDA Board, gave the nod for the project during a meeting in Malacañang on Wednesday morning.Balisacan said the project, which will have a total cost of P170.6 billion, is expected 'to address longstanding issues at NAIA such as the inadequate capacity of passenger terminal buildings and restricted aircraft movement.
The project is also expected to improve the overall passenger experience and service quality to prevent long queues, lengthy waiting times, and other passenger inconveniences,' Balisacan told reporters.'We expect to have the winning bidder within the year, so as early as next year, we can have the project started,' he added.Balisacan said the project, under the Department of Transportation and the Manila International Airport Authority, would involve private-sector funds.
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