The SMC SAP & Company Consortium formally signed the 15-year concession agreement for the P170.6 billion Ninoy Aquino International Airport Public-Private Partnership Project (NAIA PPP Project) at a ceremony witnessed by President Ferdinand “Bongbong” R. Marcos, Jr. on March 18, 2024 at Malacañang Palace.

The consortium tapped by the government to rehabilitate the country’s primary international gateway is composed of San Miguel Holdings Corp., RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corporation.

FLO Attorneys-at-Law advised RLW Aviation Development Inc. on the transaction.

During his remarks, President Marcos said the government “fastidiously examined” the PPP proposal, noting that the process was “open, transparent, and competitive” and aligned with international best practices on bankable and fair PPP projects.

“[The NAIA PPP Project] is the fruit of unity, of vision, of purpose. It highlights the great potential of public-private partnerships in accelerating infrastructure development,” Marcos said. #