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MIAA raising P700M for Naia 3 cargo terminal, access road.
(From Philippine Daily Inquirer)
Byline: Clarissa S. Batino
THE MANILA International Airport Authority is raising at least P700 million to put up an access road to and a cargo terminal within the Ninoy Aquino International Airport Terminal 3.
MIAA general manager Alfonso Cusi said the facilities that were necessary to convince more airlines to move to Naia 3 would have to be in place by the first quarter of 2006.
The Arroyo administration said it would open Naia 3 for commercial operations within the first half of 2005. State-run MIAA operates the Naia international and domestic terminals.
Cusi said the agency would use its own funds to build a P200-million access road through the Nayong Pilipino complex. This would facilitate the movement of passengers and cargos from the existing aviation terminals. It should be completed by the middle of 2005.
The cargo terminal component was estimated to cost P500 million. He said MIAA intended to raise funds for this through bank borrowings or bond issuance.
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