MIAA acquires Terminal 3 property for P48B

MANILA, Philippines – State-run Bases Conversion and Development Authority (BCDA) has completed the sale of the 61-hectare property occupied by Ninoy Aquino International Airport (Naia) Terminal 3 to the gateway’s regulator, ending a long-running lease arrangement. The Manila International Airport Authority (MIAA) acquired the land and infrastructure housing Terminal 3 for P48 billion. The amount