Sunday 21 October
Powered by Ajaxy
Feb 13, 2018 @ 13:59

Superconsortium offers to turn NAIA into P350B regional air transport hub

 

Seven of the country’s biggest conglomerates have submitted an unsolicited proposal to transform the Ninoy Aquino International Airport into a world-class international gateway at an estimated cost of P350 billion.

The super consortium is composed of Aboitiz Infra Capital, AC Infrastructure Holdings, Alliance Global Group, AEDC, Filinvest Development Corp., JG Summit Holdings and Metro Pacific Investments Corp.

Armed with over P2.2 trillion in combined capitalization, the seven corporate giants aim to put NAIA on par with with major regional airports such as Changi in Singapore and Suvarnabhumi in Bangkok.

“With one of the world’s premier airport operators, Changi Airports International Pte. Ltd., engaged to provide technical support in the areas of master planning, operations optimization and commercial development, the group is committed to the development of a modern airport complex that will meet the long-term passenger demand at NAIA”, the superconsortium said in a joint statement.

The project, which will be done in two phases, involves the expansion of terminals in the existing NAIA land area and the development of additional runway, taxiways, passenger terminals and associated support infrastructure.

“Through this proposal, we envision a new NAIA: a fully-integrated premier gateway that we Filipinos can truly be proud of, backed by the know-how of an experienced technical partner and the strong synergy of seven homegrown teams. The message is clear: we need this, and we can get this done,” said consortium spokesperson Jose Emmanuel Reverente.

Reverente added that the proposal includes a people mover that would link all three terminals and connect NAIA to the existing mass transport system in Metro Manila, as well as an option for a third runway.

Construction of the additional runway will ensure the ability of NAIA to serve as Manila’s gateway for years to come, bringing potential capacity up to 100 million passengers per year.

“Given the full support and commitment of each of the seven consortium members and the existing infrastructure already in place, the project implementation can be expedited. Immediate enhancements and capacity upgrades can be expected within a couple of years, followed by further expansion to be completed shortly after,” Reverente said.

Please follow and like us:

Tags: , , , , , , , , , , , , , ,

Related Stories
The world's longest commercial flight took off from Singapore on Thursday, with excited and apprehensive
San Miguel Food & Beverage Inc. is embarking on a string of roadshows in Asia,
Air Asia Philippines is seeking more seat entitlements to China to serve the growing demand.
The former beauty queen and partner of San Miguel Corp. chairman Danding Cojuangco took some


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.