A consortium comprising seven Philippine conglomerates has submitted a $6.7bn proposal to the Department of Transportation for the modernisation and expansion of Ninoy Aquino International Airport (NAIA) in Manila.
The consortium is composed of Aboitiz Equity Ventures, Ayala, LT Group, Alliance Global Group, Filinvest Development, JG Summit Holdings and Metro Pacific Investments.
Singapore’s Changi Airports International is also associated with the project proposal as a technical advisor. It will assist in master planning, operations and commercial development.
The project involves the construction of an additional runway, passenger terminals and associated infrastructure that will enable NAIA to handle up to 100 million passengers annually.
In the first phase, the airport terminals will be refurbished and expanded, while in the second phase an additional runway will be built along with taxiways, passenger terminals and support infrastructure.
Reuters quoted consortium spokesman Jose Emmanuel Reverente saying that the proposal also includes the construction of an automated people-mover to connect all three terminals to the existing mass transport system in Metro Manila.
Last year, the airport handled more than 40 million passengers, ten million passengers more than its designated capacity.
Passenger traffic at NAIA is expected to grow significantly in the coming years, but the existing infrastructure may not be able to accommodate the future need.
The airport overhaul project is in line with President Rodrigo Duterte’s $180bn infrastructure development campaign ‘Build, Build, Build’.