On July 8, the Philippine Department of Public Works and Highways (DPWH) and San Miguel Corporation (SMC) signed the concession agreement for the the P15.5-billion Ninoy Aquino International Airport Expressway (NAIA) project, exactly one month after SMC made an upfront payment of P11 billion for the project.

The groundbreaking and civil works of Phase II-A are expected to start next January 2014.

NAIA Expressway

San Miguel Corp. won the bidding for the construction, operation and maintenance of the Naia Expressway, the first of Aquino administration's public-private partnership schemes, last April.

Two other companies, Ayala Land and India's IL&FS Transportation Networks Ltd., earlier withdrew their bids.

The project:

The NAIA Expressway is a 7.15-kilometer, four-lane road that is being developed around Metro Manila's existing network of expressways. It will link Naia Terminals 1, 2 and 3 to the Skyway in the South Luzon Expressway (SLEx), the Manila-Cavite Expressway (Cavitex) and the Entertainment City casino complex in Parañaque City.

The project, approved on May 30, 2012, by the National Economic and Development Authority , includes the construction of a 2.2-km road going to the Entertainment City on reclaimed land facing Manila Bay.

Source: PPP Center