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NAIA privatization update: Manila International Airport consortium’s offer and DOTr’s PPP model under evaluation

June 9, 2023

Bilyonaryo.com

The Manila International Airport Consortium’s unsolicited offer of over P100 billion to enhance and revitalize the Ninoy Aquino International Airport (NAIA) remains active, despite the Department of Transportation (DOTr) submitting a solicited Public-Private Partnership (PPP) model to the National Economic and Development Authority (NEDA).

“We will coordinate with NEDA. We just submitted it and they are still evaluating it. We hope that the decision will come soon. Maybe in a month or two,” Transportation Undersecretary for Aviation and Airports Roberto Lim said in a virtual briefing.

The DOTr and the Manila International Airport Authority (MIAA) jointly submitted a proposal on Friday for the NAIA solicited PPP Project, with an estimated value of P141 billion. The proposal grants a 15-year concession to the private operator to manage the airport and recoup its investment.

Lim emphasized that the decision on the most suitable privatization model for NAIA will be made by the NEDA board, chaired by President Marcos, rather than solely by the DOTr.

“This is not the first time that NAIA attemptedÂ to use the PPP as a model of privatizing the complex. As early as 2016, there were already proposals in the last administration to do it a PPP pero hindi natuloy everything was cancelled,” he said.

“We in the department believe that is a very good strategy to roll out this infrastructure development. We don’t need to borrow money.. The private sector will invest in it quickly and at the end of the concessions it will be handed back to the government,” Lim said.

Should the NEDA board opt for the solicited PPP approach for the NAIA privatization, Lim said the agency is aiming to commence the bidding process by September of this year.

Related News Tags: Department of Transportation, DOTr, Manila International Airport Authority, Manila International Airport Consortium, MIAA, NAIA, National Economic and Development Authority, Neda, Ninoy Aquino International Airport, PPP

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