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Louella Desiderio - The Philippine Star
June 13, 2026 | 12:00am
Passengers wait in line at the immigration area as the Ninoy Aquino International Airport Terminal 3 services more international flight departures and arrivals.
Rudy Santos
MANILA, Philippines — The Bases Conversion and Development Authority (BCDA) has secured P48 billion from the sale of a 61-hectare property occupied by the Ninoy Aquino International Airport (NAIA) Terminal 3 to the Manila International Airport Authority (MIAA).
A ceremonial signing of the deal was held on June 11, to formalize the transfer of ownership of the property.
Under the agreement, MIAA will pay BCDA a total of P48 billion, which includes an initial P10 billion down payment.
The balance will be paid through semi-annual installments over 15 years.
MIAA general manager Eric Jose Ines said the acquisition is a strategic investment.
“By securing ownership of the Terminal 3 property, MIAA strengthens its stewardship of a strategic government asset and reinforces its ability to support the long-term development of the country’s premier gateway,” he said.
“This acquisition provides greater certainty for long-term planning, sound asset management and the continued advancement of Philippine aviation,” he said.
The deal will allow MIAA to pursue investments to modernize and expand the facility, amid growing passenger traffic.
Data from the MIAA showed that the NAIA T-3 served 27.44 million passengers last year, up by 4.5 percent from 26.25 million in 2024.
MIAA oversees the implementation of the concession agreement for the NAIA public-private partnership project, while the airport’s operations, maintenance and development are undertaken by the private concessionaire New NAIA Infra Corp.
For his part, BCDA president and CEO Joshua Bingcang said the agreement allows the government to maximize the value of the public asset.
“It ensures that the property is placed in the hands of the agency best positioned to maximize its value, while generating revenues that can support public services and infrastructure. This is a practical, forward-looking solution that delivers benefits both today and for future generations,” he said.
