The Manila International Airport Consortium (MIAC) consisting of 6 Philippine conglomerates and a US-based partner has submitted an unsolicited proposal for the upgrading of Ninoy Aquino International Airport (NAIA).

The PHP100 billion (US$1800 million) proposal, entails a substantial initial payment to the government, as well as pledged investments in cutting-edge technology and new infrastructure to elevate NAIA to a top-notch airport. MIAC is composed of Aboitiz InfraCapital, Inc.; AC Infrastructure Holdings Corp.; Asia’s Emerging Dragon Corp.; Alliance Global – Infracorp Development, Inc.; Filinvest Development Corp.; JG Summit Infrastructure Holdings Corp.; and US-based Global Infrastructure Partners. 

Airports currently and previously owned or operated by members of MIAC include Mactan-Cebu, Clark, London Gatwick, Edinburgh, London City and Sydney airports.