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) Arsenio Balisacan said on Wednesday.
Marcos, who heads the NEDA Board, gave the nod for the project during a meeting in Malacañang.At a Palace press briefing, Balisacan said the project, which will have a total cost of P170.6 billion, is expected 'to addresslongstanding issues at NAIA such as the inadequate capacity of passenger terminal buildings and restricted aircraft movement.
'Balisacan said the project aims to increase current airport capacity from 35 million to at least 62 million passengers per year, and increase air traffic movement from 40 to 48 per hour.'The project is also expected to improve the overall passenger experience and service quality to prevent long queues, lengthy waiting time and other passenger inconveniences,' Balisacan told reporters.
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