Latest news with #P170.6-billion
The Star
12-07-2025
- Business
- The Star
New Manila International Airport positions Philippines for long-term growth
MANILA: A brighter chapter is set to open for Philippine aviation. With the New Manila International Airport (NMIA) now under development in Bulakan, Bulacan, the country is building on the momentum of aviation reforms and infrastructure upgrades—setting the stage for stronger economic growth, improved connectivity and a better travel experience for millions. Designed to be one of the most modern airports in the world, NMIA is expected to offer more efficient movement of passengers and cargo, complement the ongoing rehabilitation of Ninoy Aquino International Airport (NAIA) and support a new wave of regional development. The development of NMIA is led by San Miguel Aerocity Inc., through a 50-year concession agreement with the national government. The first phase is scheduled to begin construction in January 2026. This will include two runways, a modern terminal, and key facilities designed to serve up to 35 million passengers annually, and is expected to be completed by the end of 2028. NMIA is being built to work alongside NAIA, which is now undergoing a P170.6-billion (US$3.02 billion) upgrade to improve its capacity and passenger experience. Once the rehabilitation is done, NAIA will be able to handle up to 62 million passengers a year and manage 48 flights per hour. With both airports operating, the country will have a stronger, more reliable aviation system that can keep up with growing travel demand. With the new airport located only 18 km from SM North Edsa and 15 km from Balintawak, it's almost part of Metro Manila. Good transportation access is a big part of NMIA's design. New roads and terminals will connect the airport to Metro Manila and nearby provinces. A six-lane highway will link it to the North Luzon Expressway (NLEx), and a transport terminal will be built to serve provincial buses and other types of public transportation. There are also proposals to extend the MRT-7 line—currently under construction between Quezon City and San Jose del Monte in Bulacan—so that it could eventually connect to the NMIA site. If approved, this extension would make it easier for travelers from northern Metro Manila and nearby areas to reach the airport. For now, the plan remains under review and has not yet been finalised. NMIA is expected to do more than enhance air travel—it will also contribute to economic growth and the development of surrounding areas. The project is projected to generate over one million jobs and pave the way for an airport city with dedicated spaces for businesses, residential communities, and industrial facilities. This bigger plan highlights how the airport can help guide how land is used, bring in new investments and make the country more competitive in tourism and trade. As more roads and facilities are built, and travel becomes easier, businesses in different industries—such as logistics, hotels, real estate and manufacturing—are likely to look at Bulacan and nearby areas for new opportunities. For years, the country's aviation system has carried growing demand with very limited capacity. NAIA, which for decades has been the lone international gateway for Metro Manila, is now being upgraded to meet higher standards and improve service. The addition of NMIA—designed with modern facilities, future-ready technologies and world-class design—marks a turning point in how the Philippines is seen by the world. It's a major step toward restoring confidence, improving the traveler experience and presenting the Philippines as a premier destination in the region. Recognising how these major infrastructure changes influence property values, development prospects and long term investment strategies will be essential for those looking to take part in this rapidly evolving growth corridor. As the country builds toward a more connected future, the New Manila International Airport will play a central role in driving local progress and shaping the next wave of regional development. NMIA is not just a new dot on the map—it's the Philippines' runway for growth to take off. It will propel Bulacan into a prime growth area of Metro Manila, while ushering in business to nearby provinces. Large scale investors will be drawn in with its world-class connectivity, fuelling growth in years to come. - Philippine Daily Inquirer/ANN
GMA Network
08-06-2025
- Business
- GMA Network
Marcos: No EDSA rehab until rerouting plans ‘solid,' LGUs ready
The rehabilitation of the Epifanio de los Santos Avenue or EDSA, the country's busiest highway, will not take place until a 'solid' rerouting plans have been put in place and local government units (LGUs) are ready, President Ferdinand 'Bongbong' Marcos Jr. said over the weekend. Marcos last week announced the one-month postponement of the EDSA rehabilitation, initially scheduled to start on June 13, 2025, as he said the two-year timetable would be a big sacrifice as this would lead to heavy traffic conditions. 'Ang sabi ko nga ay masyadong matagal naman 'yung dalawang taon para maabala ang mga kababayan natin (Like I said, two years is too long for our countrymen to be inconvenienced),' he said in a vlog on Sunday. 'Hangga't wala akong nakikitang solid na mga rerouting plans at masiguro na handang handa na ang mga LGU, 'wag muna natin gawin, ayusin muna natin ang mga plano,' he added. (Until I see solid rerouting plans and we ensure that LGUs are thoroughly ready, let us postpone and fine-tune plans first.) Transportation Secretary Vivencio 'Vince' Dizon on Tuesday said Marcos wants to expedite the rebuilding of the major thoroughfare — which spans 23.8 kilometers — from two years to six months. An P8.7-billion cost has been estimated to modernize EDSA and make it flood-free. The rehabilitation was supposed to pave the way for the 24-hour odd-even scheme on EDSA, and the waiving of toll in parts of Skyway Stage 3, among other interventions. A study conducted by the Japan International Cooperation Agency (JICA) in September 2014 in conjunction with the National Economic and Development Authority (NEDA) found that the gridlock plaguing the streets of Metro Manila is costing the Philippines at least P2.4 billion a day. Economists now expect this to be higher. In the same vlog, the President also cited the rehabilitation of the Ninoy Aquino International Airport (NAIA), spearheaded by the New NAIA Infra Corp. (NNIC) under a public-private partnership. 'Bilang gateway ng ating bansa, itong mga airport natin kumbaga ang first and last experience nila sa ating bansa, kaya't hindi sapat na magaganda ang tourist spot natin. Kailangan ganon din kaganda ang mga airport natin. Hindi lamang ang Manila airport dinedevelop natin pati ang mga regional airport,' Marcos said. (As the gateway to the Philippines, our airports are the first and last experience in our country, so it is not enough that our tourist spots are beautiful. Our airports also need to be as beautiful. Not only the Manila airport, but we are also developing our regional airports.) The NNIC, made up of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp., took over NAIA on September 14, 2024. It inked a P170.6-billion concession agreement with the Department of Transportation (DOTr) to take over NAIA in March 2024, after it offered the highest share of its future revenues from operating the gateway to the government. —RF, GMA Integrated News
GMA Network
03-06-2025
- Business
- GMA Network
Marcos inspects facilities at NAIA Terminal 3
President Ferdinand ''Bongbong'' Marcos Jr. conducted Tuesday an inspection of the newest facilities at the Ninoy Aquino International Airport (NAIA) Terminal 3 in Pasay City. Marcos visited the said terminal to check the progress and upgrades delivered since the operations were turned over to the New NAIA Infrastructure Corporation (NNIC). He was welcomed by Transportation Secretary Vince Dizon, Justice Secretary Jesus Crispin Remulla, and Manila International Airport Authority (MIAA) general manager Eric Ines. The President was also given a briefing as regards the accomplishments of the NNIC at the terminal's VIP Lounge. He conducted a walkthrough of the terminal's facilities, including the Immigration Area, overseas Filipino workers (OFW) Immigration Annex, OFW Lounge and OFW Rest Area, Transportation Network Vehicle Services (TNVS) area, and Arrival curbside area. The NNIC, made up of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp., took over NAIA on September 14, 2024. It inked a P170.6-billion concession agreement with the Department of Transportation to take over NAIA in March 2024, after it offered the highest share of its future revenues from operating the gateway to the government. — RSJ, GMA Integrated News
