The National Economic and Development Authority (NEDA) Board has given the green light for 2 Public-Private Partnership (PPP) airport projects in the Philippines.

The first approved project is the Solicited Ninoy Aquino International Airport (NAIA) PPP Project situated in the National Capital Region, with an estimated cost of PHP170.588 billion (US$3,124 million). This project will be carried out through a Rehabilitate, Operate, Expand, and Transfer contractual arrangement. The key objectives of this project are to increase the airport's capacity from 35 million passengers per annum (MPPA) to 62 MPPA and to elevate air traffic movement per hour from 40 to 48. Additionally, the project aims to modernize and expand the airport significantly, optimizing its operations and addressing congestion challenges to accommodate the increasing air traffic and improve connectivity between various regional centers in the Philippines. The next step for the Solicited NAIA PPP Project involves the bidding process, wherein potential qualified bidders will be invited to participate.

The second approved project is the Unsolicited Laguindingan International Airport in Misamis Oriental, with a total project cost of PHP12.75 billion (US$233 million). The contractual arrangement for this project is Upgrade, Expansion, and Operations and Maintenance, covering a 30-year duration. The project involves upgrading existing facilities, increasing capacity, installing necessary equipment, enhancing airside facilities, and providing comprehensive operations and maintenance (O&M) services to ensure smooth airport operations. The DOTr and the CAAP will enter into negotiations with the Original Proponent to advance the project.