Filipino billionaire leads win in $3bn bid to upgrade Manila airport

[Starmix]

A consortium led by Philippine conglomerate San Miguel Holdings Corp. won a $3 billion government bid to spruce up Manila’s main aviation gateway, the Ninoy Aquino International Airport (NAIA), it was announced on Thursday. The group led by San Miguel Corp’s billionaire CEO Ramon Ang, vowed to spruce up the airport and bring it up to speed with global standards after its offer of 82.16 per cent government share in airport revenues emerged as the highest in a three-way contest, the government has announced. The PHP171-billion NAIA contract encompasses rehabilitation, operation, and maintenance of the country’s main airport.

NAIA can handle 31 million passengers a year. In 2019, the year before the COVID pandemic grounded travel across the world, traffic reached 47.9 million passengers. The makeover aims to raise passenger capacity from 32 million to 60 million a year and improve the NAIA complex, including facilities such as the runway, taxiway, and ramp areas, as well as the firefighting facility.

Source: Philstar

 

[Augusta]

He vowed to spruce up the airport and bring it up to speed with global standards. This is the most important thing that he is going to execute it just has agreed

 

[Starmix]

Billionaire Ramon Ang is also a philanthropist. He also gives allowances to the Philippines' Olympic athletes and donates billions whenever there is a calamity. He is a kind billionaire.

 

[freelancermaria]

It is great to hear! It’s about time we improve our airport to match the quality of other airports. I am looking forward to the results. Hehe

 

[Starmix]

NAIA terminal 1 was already transferred to terminal 2 to allow the reconstruction of NAIA. During the Duterte administration, it was already proposed or bid by billionaire Ramon Ang.