BDO Unibank Incorporation has secured PHP80 billion in financing for the Ninoy Aquino International Airport (NAIA) modernization through its Institutional Banking Group and BDO Capital & Investment Corporation. The funding supports the New NAIA Infrastructure Corporation (NNIC), a consortium led by San Miguel Holdings Corporation, along with RMM Asian Logistics, RLW Aviation Development, and Incheon International Airport Corporation.
The project aims to enhance air mobility, passenger experience, and economic growth. Incheon International Airport Corporation’s involvement brings expertise in global airport operations. The modernization is part of the Philippines’ largest PPP project under the current administration, aligning with broader infrastructure upgrades, including the Metro Manila subway and the New Manila International Airport.