As proposed terms stand today, whoever will bag the contract to maintain and upgrade the ultra-congested Naia will get only 15 years to recover their massive investment in the daunting project.
MIAC, which includes the Ayala, Lucio Tan, Andrew Tan, Gotianun, Gokongwei and Aboitiz groups, plus the US-based fund Global Infrastructure Partners, seeks to double the passenger capacity of the gateway to 62.5 million a year by 2028 from the current 31 million.
These are backed by the technology of Pouch.ph, a digital payment solution provider that converts Bitcoin into peso when a customer is paying a merchant. Such is a welcome development in a country that has been accelerating digitalization efforts, as evidenced by the popularity of e-wallet brands.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BIZ BUZZ: Fine art up for grabsFresh off his stunning success in bringing home the long-lost Juan Luna masterpiece “Hymen, oh Hymenee!”, one would be forgiven for expecting Leon Gallery owner Jaime Ponce de Leon to rest on his
Read more »
BIZ BUZZ: Warning to AUB staffThe Ng family’s Asia United Bank (AUB) issued a stern warning to officers and employees on their use of social media just days after after one of the bank’s executives went viral for an offensive
Read more »
After outages, NAIA’s ‘major projects’ to be completed in 24 to 36 monthsAside from these upgrades, MIAA also gave assurances that it would complete the electrical audit of NAIA Terminal 3 with the aid of Meralco and MServ.
Read more »
MIAA to public: NAIA audit to end disruptions | Nonie ReyesTHE Manila International Airport Authority (MIAA) on Wednesday expressed confidence that a thorough audit being conducted at the Ninoy Aquino International Airport will produce the needed measures to once and for all end the disruptions that have bedeviled the premier gateway and caused inconvenience to travelers. The MIAA, after meeting…
Read more »
Infrawatch pushes competitive bidding for Naia rehabilitation | Lorenz S. MarasiganInfrawatch is urging the Department of Transportation (DOTr) to proceed with the competitive bidding for the rehabilitation of the ailing Ninoy Aquino International Airport (Naia). According to Infrawatch Convenor Terry Ridon, the public auction will help “protect the public interest,” saying that the government will save airport users more money…
Read more »
Naia runways shut for inspection after earthquake felt in Metro ManilaThe runways of the Ninoy Aquino International Airport have been closed for inspection following the 6.3 earthquake in Calatagan, Batangas which was felt in Metro Manila early Thursday, the Manila International Airport Authority said. | JEMendozaINQ
Read more »