The modernization of the country’s main gateway’s is one step closer to actuality as the Department of Transportation (DOTr) and SMC SAP & Co. Consortium signed the landmark concession agreement for the Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP) Project.

The NAIA PPP Project is expected to herald economic growth for the country, while expecting to lift tourism arrivals with improved levels of services and upgraded airport infrastructure.

The DOTr issued the Notice of Award to SMC-SAP & Co. Consortium which is comprised of San Miguel Holdings Corp, RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp (IIAC),last February 16, 2024.

Transportation Secretary Jaime J. Bautista expressed confidence that the NAIA PPP Project will open the floodgates of opportunities for the country—from investments, business, tourism and employment.

“We welcome this development for the NAIA PPP Project as this will not only generate revenue for the government but it will also create opportunities for Filipinos. With a modernized NAIA, we are elevating the airport’s facilities and services to international standards,” Sec. Bautista said.

With the signing of the Concession Agreement, the operations and maintenance of the airport will be handed over to the Concessionaire on or before September 20