The incoming Marcos administration may consider closing down the Naia and then selling the vast tract of land it sits on to raise more government revenues, President Rodrigo Duterte’s chief economic manager said. | bendeveraINQ /PDI
Asked if the next administration may consider Naia giving way to new and bigger airports in Clark and Bulacan, then selling the property, Dominguez replied: “That is a definite possibility.”
Dominguez noted that Clark’s airport, for instance, was already “too far” from Metro Manila. “You have to tie it up also with the development of the North-South railway” connecting central and southern Luzon, he added.In 2020, tycoon Ramon S. Ang, who’s bankrolling the massive “airport city” in Bulacan, told the Inquirer that he sees the closure of Naia after 10 years and the land on which it sits being sold to raise trillions of pesos to pay off government debts.
The contribution of privatization to government fund-raising had been dwindling — first-quarter proceeds declined to P8.1 million from P8.2 million a year ago. The government wanted to raise P500 million from privatization yearly, but last year’s revenues fell to a record-low P320.9 million.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos admin, posibleng humirit ng P5.268-T national budget para sa 2023Posibleng humingi sa Kongreso ng P5.268 trilyon na pambansang pondo ang incoming administration ni Ferdinand 'Bongbong' Marcos Jr. para sa 2023. Higit itong malaki sa 5.024 trilyon na pondo ng pamahalaan ngayong 2022 na hiningi ni outgoing President Rodrigo Duterte.
Read more »
The historical mandate and significance of presumptive President Marcos Jr. as a 'majority president'With over 31 million votes, how did Marcos Jr’s campaigning and political machinery lead him to a stunning success at the polls? | via philstarlife
Read more »
LIST: Cabinet appointments to the Marcos Jr. administrationHere are the personalities who have so far accepted to be part of the cabinet of Ferdinand 'Bongbong' Marcos, Jr. | via philstarlife
Read more »
Ople: Marcos Jr. seeks protection of OFWs under his administrationPresumptive President Ferdinand “Bongbong” Marcos Jr. wants the protection of Filipinos working abroad “paramount” under his administration, incoming Migrant Workers chief Susan “Toots” Ople said Tuesday.
Read more »
Drilon urges Marcos to prioritize healthcare system, economy, education, rule of lawOutgoing Senate Minority Leader Franklin Drilon on Thursday identified four "most pressing issues" that President-elect Ferdinand "Bongbong" Marcos Jr. should include in his "to-do list."
Read more »
Congress proclaims Marcos, Duterte in record timePresident-elect Ferdinand Marcos Jr. and Vice President-elect Sara Duterte are proclaimed on Wednesday, May 25, in record pace of only two days of canvassing. PHVote PHVoteResults
Read more »