C04815-2023 |
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Subject of the Disclosure |
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MIAC Unveils Proposal for Multi-phased NAIA Masterplan |
Background/Description of the Disclosure |
The Manila International Airport Consortium (MIAC) has unveiled the NAIA Masterplan (Masterplan), the multi-phased development program at the center of its PHP 267 billion Unsolicited Proposal (USP) for the rehabilitation and development of the Ninoy Aquino International Airport (NAIA). With this, the Consortium aims to more than double the declared capacity of the airport from 31 million passengers per annum (MPPA) to about 70 MPPA in the long term. This banner projection for upsizing NAIA is also slated to play a key role in enabling the Philippines to transform into a regional economic hub. |
Other Relevant Information |
Please see attached press release. |
Name | Jose Martin Lopez |
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Designation | Head, Investor Relations |