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The Philippines' National Economic and Development Authority (NEDA) Board has recently approved the Ninoy Aquino International Airport (NAIA) project. This project will be bid out under the Public-Private Partnership (PPP) scheme.

The PPP project has an indicative cost of PHP74.56 billion (US$1.58 billion).

The private partner will improve, upgrade and enhance the operational efficiencies of all existing terminals of the NAIA covering both landside and airside (except air traffic services), to meet the International Civil Aviation Organization (ICAO) standards and develop the main gateway airport of the Philippines.

After the Board approval, the Department of Transportation (DOTr) and Manila International Airport Authority (MIAA) will release an advertisement to invite interested companies to bid in the project.

President Rodrigo Roa Duterte has convened the NEDA Board to approve several infrastructure projects around the country. This is the first NEDA board meeting under the Duterte administration since the president was elected in May.

As of September, there are 12 PPP projects under procurement, including the five regional airports project: Development, Operations and Maintenance of Laguindingan, Bohol, Davao, Iloilo and Bacolod. Five PPP projects are also waiting for approval of relevant government bodies. These projects include the Plaridel Bypass Toll Road, Philippine Travel Center Complex, New Nayong Pilipino at Entertainment City, North-South Railway Project (South Line) and Batangas-Manila (BatMan) 1 Natural Gas Pipeline.