Ninoy Aquino International Airport (NAIA) Public-Private Partnership (PPP)

Philippines

The NAIA PPP is a 15-year concession, extendable by another 10 years upon meeting key KPIs. Under the concession, New NAIA Infrastructure Cooperation will invest PHP 170 billion (USD 2.9 billion) to modernize and expand the Ninoy Aquino International Airport (NAIA). These investments will enhance air traffic control systems, expand terminal spaces, upgrade runways and taxiways, and improve passenger facilities.

This project addresses challenges including NAIA’s poor reputation, limited capacity, and inefficient operations, which have impacted the Philippines’ standing as a global tourism and investment destination. It integrates renewable energy systems, including 20% solar power, energy-efficient infrastructure, and climate adaptation measures. Additionally, it emphasizes gender and social inclusion with accessible facilities and commuter services.

Key outcomes include increasing air traffic movements from 42 to 48 per hour, doubling design capacity to accommodate 62 million passengers annually, and vastly improving passenger experiences. Other benefits include reducing congestion, streamlining inter-terminal connectivity, and enhancing Metro Manila’s broader transportation network through integration with the Metro Manila Subway. These improvements support urban mobility and ease commuter challenges.

The project will continue to generate significant government revenue, including a PHP 30 billion (USD 513 million) upfront payment, PHP 2 billion in annuity payments over the concession period, and an 82% gross revenue share. With PHP 80 billion (USD 1.4 billion) in senior debt and favorable financing terms, the project demonstrates innovation and sustainability, setting a benchmark for public-private partnerships in emerging markets. Its success demonstrates the potential of strategic collaboration to modernize infrastructure and drive economic growth.