Within the provided HTML code, there is an image and a list of bullet points. The bulleted list provides information related to the anticipated cost increases at Ninoy Aquino International Airport (NAIA).Within the provided HTML code, there is an image and a list of bullet points. The bulleted list provides information related to the anticipated cost increases at Ninoy Aquino International Airport (NAIA). The image shows an aerial view of the NAIA airport. It is a large and expansive complex with multiple terminals and runways. The airport is surrounded by green spaces and bodies of water. The image is likely intended to provide readers with a visual representation of the airport and its size. The list of bullet points provides information about the upcoming cost increases at NAIA. The first bullet point states that the service charge hike is expected to take effect by the end of 2024. The second bullet point states that landing and takeoff fees may be increased this year, while passenger service fees will be increased in 2025. The third bullet point states that costs may increase immediately after the airport’s operation and maintenance are transferred to the private sector. The fourth bullet point states that the new NAIA Infrastructure Corp. is expected to take over NAIA’s operations on September 14. The fifth bullet point states that the interest rate hikes will relate to investments made by NNIC. The sixth bullet point states that changes in the rates will be formalized in an administrative order issued by the Manila International Airport Authority. Overall, the provided HTML code presents information about the anticipated cost increases at Ninoy Aquino International Airport (NAIA). The image provides a visual representation of the airport, while the bulleted list provides detailed information about the upcoming cost increases.
Photo from the PortCalls archive.
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The service charge hike at Ninoy Aquino International Airport is expected to take effect by the end of 2024
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Transportation Minister Jaime Bautista said landing and takeoff fees may be increased this year, while passenger service fees will be increased in 2025
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Costs may increase immediately after the airport’s operation and maintenance are transferred to the private sector
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The new NAIA Infrastructure Corp. is expected to take over NAIA’s operations on September 14
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The interest rate hikes will relate to investments made by NNIC
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Changes in the rates will be formalized in an administrative order issued by the Manila International Airport Authority
According to the Department of Transportation (DoTr), higher service charges at the Ninoy Aquino International Airport (NAIA) are expected to go into effect by the end of 2024.
Transport Minister Jaime Bautista confirmed that landing and takeoff fees may be increased this year, while passenger service fares will increase from 2025.
He said the tariff increase for the country’s main airport may increase after the operation and maintenance of the airport is handed over to the private sector.
New NAIA Infrastructure Corp. (NNIC), which was awarded the P170.6 billion concession to operate NAIA in February, will take over NAIA’s operations on September 14.
The interest rate increases relate to investments made by NNIC.
NNIC is the special purpose company established by the winning bidder of the 15-year concession agreement for the NAIA rehabilitation project: SMC SAP & Company Consortium, which consists of San Miguel Holdings Corp., RMM Asian Logistics, Inc.; RLW Aviation Development Inc. and Incheon International Airport Corp.
The changes in NAIA fees are formalized in an administrative order issued by airport regulator Manila International Airport Authority. Meanwhile, the AO is reviewed by a seven-member committee headed by the DoTr.
READ: NAIA Terminal Plans Revealed
