16 September 2016
The Philippine government through the National Economic and Development Authority (NEDA) chaired by President Rodrigo R. Duterte has approved the US$1.6 billion Ninoy Aquino International Airport Modernization Project to be funded through Public-Private Partnership (PPP Project) Thursday.
The PPP project is the DOTr’s medium-term solution to decongest the country's main international gateway which is estimated to be achievable in 3 years time while waiting for the $10b Official Development Assistance (ODA) loan from Japan to build a new offshore airport in Cavite.
The contract is valued at P74.6 billion and shall cover airside and landside developments ranging from Terminal 2 and 3 expansions, construction of new taxiways, aprons, and passenger interconnecting walkway between the four terminals .
The airport terminal upgrade aims to improve passenger convenience, safety and security, while maximizing runway capacity through “refreshed” airside developments with help from modern technology.
The build, operate, management and maintenance contract has a concession period of 15-20 years, including infrastructure designs and construction period.
DOTr said the concession period would be enough time until the new mega airport finish construction on similar time frame. Meanwhile, excess traffic will be channeled to Clark International Airport and Sangley Airport to address domestic and international traffic overflow.
The DOTr expects to begin PPP procurement immediately following approval, and to award and sign a concession agreement by September 2017.
The airport is expected to serve 60 million in the next 15 years. Currently, it handles 36 million passengers from a terminal designed capacity of only 31.5 million.
The PPP project is the DOTr’s medium-term solution to decongest the country's main international gateway which is estimated to be achievable in 3 years time while waiting for the $10b Official Development Assistance (ODA) loan from Japan to build a new offshore airport in Cavite.
The contract is valued at P74.6 billion and shall cover airside and landside developments ranging from Terminal 2 and 3 expansions, construction of new taxiways, aprons, and passenger interconnecting walkway between the four terminals .
The airport terminal upgrade aims to improve passenger convenience, safety and security, while maximizing runway capacity through “refreshed” airside developments with help from modern technology.
The build, operate, management and maintenance contract has a concession period of 15-20 years, including infrastructure designs and construction period.
DOTr said the concession period would be enough time until the new mega airport finish construction on similar time frame. Meanwhile, excess traffic will be channeled to Clark International Airport and Sangley Airport to address domestic and international traffic overflow.
The DOTr expects to begin PPP procurement immediately following approval, and to award and sign a concession agreement by September 2017.
The airport is expected to serve 60 million in the next 15 years. Currently, it handles 36 million passengers from a terminal designed capacity of only 31.5 million.
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