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NewsTranscript
00:00 NEDA has approved the construction of four NIA terminals in the private sector.
00:06 The Solicited NIA Public-Private Partnership Project is worth Php 170.6 billion.
00:13 It includes the improvement of the service and facility of the airport.
00:17 The project's target is to increase the annual capacity of NIA to 62 million passengers
00:23 from the current 35 million.
00:26 The air traffic movement will be accelerated to 48 airplanes flying every hour
00:31 from the current 40.
00:34 The project is expected to start in 2024.
00:37 The company will also go through the bidding process
00:41 which will be the basis for the improvement of NIA.
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01:05 [Music]