San Miguel Corp. President and CEO Ramon Ang has committed to significantly improving the passenger experience at Ninoy Aquino International Airport (NAIA) by December, three months after a consortium led by his company takes over the airport on September 14, 2024.
The NAIA Infra Corp., which includes San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corp., will initially focus on essential repairs. Ang assured that visible improvements, such as reduced traffic and better infrastructure, would be noticeable by December. He further stated that within a year, issues like power fluctuations and malfunctioning air conditioning would be resolved.
The consortium signed a P170.6-billion concession agreement with the Department of Transportation (DOTr) and committed P122.3 billion in capital investments over a 25-year period. Additionally, the group is planning to invest P3 billion to P5 billion in a new off-ramp connection from the NAIA Expressway to Terminal 3 to help decongest the area.