Business

NAIA airport upgrade gets NEDA board approval

The superconsortium comprising seven of the country’s biggest conglomerates is a step closer to clinching a P102 billion deal to refurbish and expand the aging Ninoy Aquno International Airport (NAIA).

The superconsortium comprising seven of the country’s biggest conglomerates is a step closer to clinching a P102 billion deal to refurbish and expand the aging Ninoy Aquno International Airport (NAIA).

The mega group is composed of Aboitiz InfraCapital, AC Infrastructure Holdings Corp.; Alliance Global Group, Inc.; Asia’s Emerging Dragon Corp.; Filinvest Development Corp.; JG Summit Holdings, and Metro Pacific Investments Corp.

Its unsolicited proposal to expand and interconnect existing terminals in NAIA and accommodate up to 100 million passengers secured the greenlight from the board of the National Economic and Development Authority.

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