BDO backs NAIA modernization to boost air mobility

RECOGNIZING the vital role of infrastructure in national progress, BDO Unibank Inc. (BDO) remains committed to supporting projects that advance essential services and drive sustainable growth. Through its participation in the Ninoy Aquino International Airport (NAIA) modernization, BDO helps transform the Philippines' primary gateway and enhance economic opportunities.

TRANSFORMING NAIA The NAIA modernization aims to boost connectivity and enhance customer experience. PHOTO FROM BDO

BDO, through its Institutional Banking Group and BDO Capital and Investment Corp., helped secure P80 billion (US$ 1.42 billion) in funding for New NAIA Infrastructure Corp. (NNIC), the consortium awarded the concession to rehabilitate NAIA. Led by San Miguel Holdings Corp., with RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corporation (IIAC), the group aims to boost airport efficiency and the passenger experience.

SMC brings extensive infrastructure expertise, while IIAC contributes global best practices in airport management. Their involvement signals strong international confidence in the Philippines' infrastructure growth.

BDO's swift capital mobilization showcases its leadership in large-scale investment. "BDO has been a steadfast partner in infrastructure development," said Eduardo Francisco, BDO Capital president. "This will drive economic growth and enhance the Philippines' position as a regional hub."

The project, the largest PPP under the current administration, supports job creation, tourism, and foreign investment, complementing other major initiatives like the Metro Manila Subway and the New Manila International Airport in Bulacan.