Tag: Mactan-Cebu Airport

In 1.5 years, NAIA PPP generated more revenue than 30 years of government operation

The Ninoy Aquino International Airport (NAIA) concession agreement has already generated ₱75 billion for the national treasury in just one and a half years of private operation—dwarfing the approximately ₱30 billion that government management produced over 30 years, or an average of ₱1 billion per year, Transportation Secretary Giovanni “Banoy” Lopez said Saturday. Lopez made the disclosure in an interview on DZRH…

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