New NAIA Infra Corp. remits P78B to government amid airport upgrades

New NAIA Infra Corp. (NNIC) has remitted P78 billion to the Philippine government and invested P6.8 billion into the rehabilitation and modernization of Ninoy Aquino International Airport (NAIA) since assuming operations on September 14, 2024.

The P78 billion in remittances includes an upfront payment, fixed annual payments, and revenue sharing under the public-private partnership (PPP) agreement. The P6.8 billion in capital expenditure has funded repairs, equipment replacement, passenger processing improvements, and terminal expansions, such as additional vehicle lanes at Terminal 2 and automated parking across all terminals.

Additionally, NNIC and Philippine Airlines (PAL) have signed an Airport Use Agreement (AUA) to establish a standardized operating framework. This agreement introduces key performance indicators (KPIs) to align airline service levels with NNIC’s operational standards. NNIC intends to use this agreement as a template for other airlines to improve day-to-day coordination and airport efficiency.