PH firms plan to rehabilitate, operate NAIA

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Metro Manila (CNN Philippines, December 23) — Seven big business firms in the country are banding together as they plan to rehabilitate, operate and maintain the Ninoy Aquino International Airport (NAIA).

Aboitiz InfraCapital, Inc., Ayala Corporation's AC Infrastructure Holdings Corporation, Alliance Global Group Inc., AEDC, Filinvest Development Corporation, JG Summit Holdings Inc. and Metro Pacific Investments Corporation plan to submit their unsolicited proposal to the Department of Transportation (DOTr).

"The consortium believes that the NAIA will continue to be a strategic gateway for our country and a key hub of airline operations for many more years," Aboitiz Equity Ventures said in a statement.

It added the consortium will work with foreign partners "with proven world class track records and experiences in airport operations" to improve and upgrade both the land and air facilities of the airport.

The consortium has yet to reveal the operational cost of its plan.

NAIA accommodated 39.5 million passengers in 2016, but was designed to hold only 30.5 million.

The statement added the consortium's rehabilitation plan will add 11 million passengers to the airport's annual capacity.

It will also increase hourly aircraft movements, which include landing and take-off, from 40 movements per hour to 48.

"Augmenting NAIA's capacity is the quickest way to address airport congestion while other airports are being developed outside Metro Manila. The consortium believes that this approach promotes greater economic benefit and sustainability for the whole country," the statement added.

From 2011 to 2013, NAIA was named worst airport in the world by travel website, "The Guide to Sleeping in Airports." It ranked fourth in 2014.

In 2015, the Manila airport ranked eighth worst in Asia, then ranked fifth the following year. NAIA was not included on the 2017 list.