NAIA could be privatized by Q1 2024 – DOTr official

may happen as early as the first quarter of next year, according to Department of Transportation Undersecretary for Aviation and Airports Roberto Lim.

Just last Friday, June 2, the DOTr and Manila International Airport Authority announced that it had prepared a Having the private sector handle these upgrades means that the government could save billions of pesos since expenses needed to support NAIA will no longer be included in the national budget.

“Most people ask, are we selling anything? No. All of these assets will continue to belong to the government. But it’s being granted as a concession. So, it’s like a franchise that you’re granting with terms and conditions for operating the public facility,” Lim said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naia may be privatized by Q1 of 2024; P141B in investment needed – DOTrThe DOTr on Wednesday said the Naia may be privatized as early as the first quarter of 2024, depending on the process of awarding the contract to the government’s chosen concessionaire. | zacariansINQ
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Saudi pledges big oil cuts in July as OPEC+ extends deal into 2024‘We always want to add suspense. We don't want people to try to predict what we do…. This market needs stabilization,’ says Saudi Energy Minister Prince Abdulaziz bin Salman.
Source: rapplerdotcom - 🏆 4. / 86 Read more »