Recto suggests converting NAIA into next BGC once Bulacan airport is finished

Finance Secretary Ralph Recto has raised the possibility of converting the 600-hectare Ninoy Aquino International Airport complex into a business district once the new airport being built in Bulacan is finished.At the sidelines of the Economic Journalists Association of the Philippines 2024 Board of Directors induction late Thursday evening, Recto floated the idea of selling the land housing the NAIA complex, which could yield the government about P6 trillion.

Recto was referring to the 15-year concession deal bagged by San Miguel-led New NAIA Infra Corporation to operate, maintain, and rehabilitate the Manila airport.San Miguel is also building the New Manila International Airport in Bulacan.To recall, Transportation Secretary Jaime Bautista floated the possibility of closing NAIA when the planned airports in Bulacan and Cavite in December 2022.

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