The Department of Transportation (DOTr) is working double time for the possible privatization of the Ninoy Aquino International Airport (NAIA) as it fast-tracks the completion of the terms of references of its contract.
Late December last year, Transportation Secretary Jaime Bautista said the DOTr is working with the Asian Development Bank for theBautista said the terms of reference will be available by the first quarter of 2023 "so we can entertain proposals from interested parties."
"We will work and fast-track the privatization of the NAIA, because MIA remains the primary gateway to the Philippines,” said Bautista. "Admittedly, we have two airports that are across from each other. We can only handle 40 to 44 movements per hour, but with the new technology, we should be able to increase this to 50, or even 55," said Bautista.
"We will fast-track the conditions of the terms of reference. Also, we are happy to inform you that there was an amendment to the IRR of the PPP Law, which will address the issue that I have just mentioned. And also, will allow arbitration, in case there's a dispute between the PH government and the private sector," Bautista said.
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