The Manila International Airport Consortium (MIAC) has presented a USD4.8 billion masterplan to redevelop and upgrade the Ninoy Aquino International Airport (NAIA) in the Philippines.

Under the proposal, the consortium will double the airport’s passenger capacity by 2048. Works will be carried out in three phases with the initial phase increasing capacity to 54 million by 2025 as well as optimising passenger movement at the airport. Phase 2 will further increase capacity to more than 62 million by 2028. Works under this phase includes expansion and development of the existing terminals, addition of airfield facilities and improvements in cross-terminal transportation. The final phase, which will last till 2048, will increase passenger capacity to 70 million by further expanding terminal space and airfield capacity.

The consortium will also operate the airport for a period of 25 years. MIAC has earmarked USD1 billion in spending over the first five years of its development plans. The remaining USD3.8 billion will be invested over the concession period.

The proposal has been submitted to the Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) for approval.