Tag: NAIA modernization

No job losses in NAIA privatization, DOTr reiterates

(Eagle News)–The Department of Transportation has reiterated there would be no job losses once the administration and maintenance of the Ninoy Aquino International Airport is privatized. “Part of the concession agreement is for the concessionaire to offer positions to existing employees of the Manila International Airport Authority,” Transportation Secretary Jaime Bautista said, referring to SMC-SAP, Inc., which won the bidding. According to the DOTr official, as such, “Be it regular employees, contract of service or […]

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NAIA modernization to generate P900 billion in earnings for gov’t: DOTr

(Eagle News)–The public-private partnership for the modernization of the Ninoy Aquino International Airport is expected to yield P900 billion in earnings for the national government. According to the Department of Transportation, the NAIA PPP, over the course of its 25-year agreement with the winning concessionaire SMC-SAP Consortium, the government will earn P36 billion annually, which can be redirected to other social and infrastructure programs. The DOTr said the government would secure a guarantee of P30 […]

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