President Ferdinand Marcos Jr. has given his approval for the P170-billion solicited Public Private Partnership (PPP) proposal aimed at rehabilitating the Ninoy Aquino International Airport (NAIA), according to National Economic and Development Authority (NEDA) Arsenio Balisacan’s statement on Wednesday.

In a meeting held at Malacañang, Marcos, who also heads the NEDA Board, greenlit the project, which has a total estimated cost of P170.6 billion.

The primary objective of this initiative is to address long-standing issues at NAIA, such as the insufficient capacity of passenger terminal buildings and restricted aircraft movement.

The project’s key goals include increasing the airport’s current capacity from 35 million to a minimum of 62 million passengers annually, as well as boosting air traffic movement from 40 to 48 flights per hour.

Balisacan emphasized that the overall passenger experience and service quality would significantly improve, aiming to eliminate long queues, reduce waiting times, and alleviate other passenger inconveniences.

Balisacan assured reporters during a Palace press briefing that they anticipate selecting the winning bidder within the year, allowing the project to commence as early as the following year. (ai/mnm)