MANILA -- A consortium of six Philippine conglomerates and a U.S. fund on Monday pledged to spend 267 billion pesos ($4.8 billion) in exchange for a 25-year contract to upgrade and run the Southeast Asian nation's main airport.
Transportation
Philippine group backed by U.S. fund touts $4.8bn airport pitch
Former World Bank head backs calls for urgent upgrade of Manila gateway
Ninoy Aquino International Airport handled 48 million passengers in 2019, well beyond its 31 million declared capacity, according to the consortium. (Photo by Kosaku Mimura)
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