Major NAIA revamp starts as SMC-led consortium takes over operations

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Major NAIA revamp starts as SMC-led consortium takes over operations
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UNDER NEW MANAGEMENT. A kid plays with a toy plane while waiting to enter the NAIA Terminal 1 in Parañaque City on Saturday. NAIA operations were turned over to San Miguel Corp.’s New NAIA Infrastructure Corporation yesterday, with NNIC chairman Ramon Ang receiving the key to the country’s primary international gateway. Danny PataSan Miguel Corp.

“A world-class airport means more jobs, more tourists and a much stronger and prosperous Philippines,” Ang said. The government stands to gain about P1 trillion in revenues from the PPP project over the 25-year concession period. This includes the 82.16-percent revenue share to be remitted to the government yearly.

NNIC has assured the public the transition will be seamless, with no disruptions to airport operations.

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MlaStandard /  🏆 20. in PH

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