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San Miguel-led New NAIA Infra Corp. has settled its P30-billion upfront payment to the government for its takeover of the Ninoy Aquino International Airport , the Department of Finance said Tuesday.
As the project finally takes off, the government is expected to generate roughly P900 billion in revenues from this deal over the entire term, which is a 15-year concession period, extendable by another 10 years,” he added.“This will be equivalent to a revenue source of more or less P36 billion annually to fund more projects in education, public health, and infrastructure.
New NAIA Infrastructure Corporation NAIA Rehabilitation
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