Urgent.News

What's breaking now, across thousands of outlets.

Business

NNIC spends P6.8 billion on NAIA, remits P78 billion to government

The Ninoy Aquino International Airport has so far received over P6.8 billion in repairs since it was turned over two years ago to private operator New NAIA Infrastructure Corp.

The Ninoy Aquino International Airport (NAIA) has received more than P6.8 billion in repairs since private operator New NAIA Infrastructure Corp. (NNIC) took over its management two years ago, according to reporting. NNIC has spent this amount on both completed and ongoing fixes, as well as the replacement of aging equipment, with the total sum including new passenger processing systems.

NNIC President and CEO Ramon Ang stated that the operator has remitted P78 billion to the government under its concession, covering the P30 billion upfront charge, P2 billion in annual fees, and a 82.16-percent share in airport revenues. Ang emphasized that the consortium has successfully accomplished its task, spending on airport improvements while simultaneously providing the government with additional revenues to fund national projects.

Since taking over NAIA, NNIC has reconfigured curbside facilities to expedite arrivals and departures, deployed over 2,500 baggage trolleys, installed around 11,820 passenger seats, and added at least 20 inter-terminal buses. Additionally, NNIC has installed 517 new biometric systems for check-in, security, and boarding, with a focus on expediting processes through automated pre-security gates and self-check-in kiosks.

The operator has also funded the installation of 78 biometric immigration gates at Terminals 1 and 3, enabling passengers to clear security checks in as little as 20 seconds during peak hours.

Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at philstar.com →

More in Business

More from Friday 28 August →