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NAIA DEAL SEALED. President Marcos is flanked by Speaker Ferdinand Martin G. Romualdez and Executive Secretary Lucas Bersamin as they witness the signing of the P170.6-billion Ninoy Aquino International Airport Project Concession Agreement during rites at Kalayaan Hall in Malacañang Palace on Monday. Signing the contract are San Miguel Corporation President and CEO Ramon Ang, Transportation Secretary Jaime Bautista, and Manila International Airport Authority General Manager Eric Jose Ines.
At present, NAIA is operating beyond its designed capacity of 35 million passengers, clogging air traffic and causing frequent flight delays. He said the project would mobilize approximately P88 billion in capital investments in its first six years of operation. “It will also create opportunities for Filipinos. With a modernized NAIA, we are elevating the airport’s facilities and services to international standards,” Bautista said.
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