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New NAIA Infra Corp. has so far remitted P57 billion to the government after just over a year since assuming control of the operations of the Philippine’s main airport
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NNIC president Ramon Ang told the media on October 23 that the total amount covers the period September 14, 2024 to October 20 this year, including the P30-billion upfront payment under its 15-year contract
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On its first anniversary last month, the company said that it has delivered P48.3 billion to government with 82% of its revenues going directly to the state
New NAIA Infra Corp. (NNIC) has so far remitted P57 billion to the government after just over a year since taking over the operations of the Philippine’s main airport.
NNIC president Ramon Ang told the media on October 23 that the total amount covers the period September 14, 2024 to October 20 this year, including the P30-billion upfront payment of the company under its 15-year contract.
On its first anniversary last month, the company said in a press release that it has delivered P48.3 billion to government with 82% of its revenues going directly to the state.
Ang was at the airport on Thursday with Department of Transportation acting secretary Giovanni Lopez to inspect preparations for the All Saints’ Day weekend on November 1, when there is a usual surge in travelers.
Three days earlier, NNIC opened the new 6,000-square meter Mezzanine Food Hall at the Ninoy Aquino International Airport (NAIA) Terminal 3, a part of the main gateway’s upgrade..
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“The new Food Hall is part of our effort to make travel through NAIA more comfortable and convenient for passengers,” Ang said in a statement. “While we upgrade systems to make the airport run more efficiently, we are also transforming the areas passengers see, feel, and spend time in.”
Food halls and dining options are also being planned for Terminals 1 and 2.
NNIC, a consortium led by Ang’s San Miguel Corp. with South Korea’s Incheon International Airport Corp., was awarded the concession to rehabilitate, expand, and manage the NAIA on February 24 under the private-public partnership scheme.
Its 15-year contract may be extended by another 10 years.
The company’s winning bid offered the highest revenue share to the government at 82%, more than double that of the other bidders.
The P170.6-billion NAIA rehabilitation project covers the rehabilitation of passenger terminals and airside facilities such as runway, aircraft parking area and airfield lighting, and the construction of facilities for intermodal transfers at the terminals.
