Philippine infrastructure developments to enhance airport capacity and boost the economy
The construction of the Terminal 5 at Ninoy Aquino International Airport (NAIA) is slated for completion within the next 30 months, according to Ramon Ang, president of San Miguel Corporation.
This new terminal is expected to significantly increase the capacity of NAIA, which has been facing challenges in accommodating the growing number of passengers.
NAIA serves as the primary gateway to the Philippines and has seen annual passenger traffic exceed 48 million, well above its intended capacity.
The new terminal is part of a broader initiative to enhance the country's infrastructure amid efforts to recover from the economic impacts of the
COVID-19 pandemic.
San Miguel Corporation has stated that Terminal 5 will feature modern facilities to streamline passenger flow and improve the overall travel experience.
Funding for the project is being supported through both private and public investments.
The Department of Transportation in the Philippines has reiterated its commitment to modernize the country's aviation infrastructure to meet international standards and support future growth in air travel.
In recent years, the Philippine government has embarked on several large-scale infrastructure projects termed ‘Build, Build, Build’ to boost economic development, improve public transportation, and attract foreign investment.
Improved airport facilities are seen as crucial in situating the Philippines as a viable travel and economic hub in Southeast Asia.
Completion of Terminal 5 is anticipated to align with plans to expand additional transportation nodes in the region, further facilitating connectivity between domestic and international destinations as passenger volumes continue to grow in the post-pandemic landscape.