![[Vantage Point] The urgency of a NAIA facelift](https://i.headtopics.com/images/2023/6/9/rapplerdotcom/dotr-secretary-jaime-bautista-tells-rappler-that-i-dotr-secretary-jaime-bautista-tells-rappler-that-i-1667022498498478082.webp)
DOTr Secretary Jaime Bautista tells Rappler that investors must commit P141 billion in investments, exclusive of a straight-up payment of P30 billion, annuity payments of P2 billion, and a share of NAIA’s total revenue. ThoughtLeaders
The Ninoy Aquino International Airport would finally get a much-needed total makeover with its planned privatization finally taking off.
Bautista said that, contrary to misconceptions, the NAIA is not being sold. The government is offering to the private sector the right to rehabilitate, manage, and operate the airport under a concession. Under the saidDOTr’s move to consider the, which the previous DOTr management shunned, is a good move.
Under the Build-Operate-Transfer scheme which this project is going to be implemented, the government spends nothing. The concessionaire puts up the funding, builds the airport, gets paid by operating it for 25 years before turning the project over to the government. By offering a wide range of income sources, airports present a better risk profile to the private sector than other major infrastructure investments, These income sources include landing fees, airline contracts, and other aviation-specific sales, as well as retail, shopping and hotels.
For more than two decades now, NAIA has been ripe for rehabilitation. Just consider the numerous proposals for the airport’s upgrade that the government has received through the years from various private sector groups. Now is not the time to gamble on uncertain and untested novice airport projects which have no supporting infrastructure.
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.
Driver's license backlog now at 690K —DOTr's BautistaThe backlog of driver’s license in the Land Transportation Office is now at around 690,000, Transportation Secretary Jaime Bautista told a Senate panel Thursday.
Read more »
LTO falls short by 690k driver’s licenses—DOTrThe Land Transportation Office (LTO) has incurred a backlog of some 690,000 driver’s licenses, Transportation Secretary Jaime Bautista disclosed during
Read more »
DOTr explains 3-fold swell in license cards’ backlog | Lorenz S. MarasiganTHE backlog in driver’s license cards has ballooned by almost threefold in just a month, the Department of Transportation (DOTr) admitted on Thursday. During the Senate Blue Ribbon Committee hearing on Thursday, Transportation Secretary Jaime Bautista told senators that the backlog on the issuance of driver’s IDs has reached 690,000.…
Read more »
DOTr opens public bidding for P5.24-b procurement of car, motorcycle platesThe Department of Transportation said Tuesday it is bidding out the procurement of motorcycle and car plates worth P5.24 billion to address the anticipated shortage by next month.
Read more »
DOTr sets NAIA privatization by 1Q 2024The government can privatizate the Ninoy Aquino International Airport (NAIA) by first quarter of 2024, Transportation Undersecretary for Aviation and Airports Roberto Lim announced Wednesday June 7. ManilaBulletin
Read more »
NAIA could be privatized by Q1 2024 – DOTr officialUnder the proposal, the winning private concessionaire will upgrade the airport’s equipment and facilities – an investment that is expected to cost up to P141 billion.
Read more »