ROUGHLY P141 billion is needed to upgrade and fully develop the Ninoy Aquino International Airport (NAIA).
This is included in the terms and conditions that the Department of Transportation and the Manila International Airport Authority prepared and submitted to the National Economic Development Authority for the proposed privatization of NAIA, said Transportation Undersecretary for Aviation Airports Roberto Lim during a public briefing on Thursday.
Last year, 30 million used NAIA as their gateway.This year, NAIA expects to provide its services to nearly 32 million.By 2025, Lim said the DOTr sees at least 53 million passengers passing through NAIA.'We really need to expand and that is one of the objectives using the PPP as the mode of privatizing NAIA,' he said.
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