Manila International Airport Consortium (MIAC) is a joint partnership that includes Newport World Resorts’ parent Alliance Global Group.<\/p>\n\n\n\n\n\n\n\n
The Philippines.- The Manila International Airport Consortium (MIAC), made up of major Philippine companies including Alliance Global Group<\/a>, parent of Newport World Resorts<\/a>, has unveiled a plan to upgrade the Ninoy Aquino International Airport (NAIA) in Manila, Philippines. <\/p>\n\n\n\n The plan, estimated at PHP267bn (US$4.8bn)<\/strong>, aims to increase the airport’s capacity and improve the passenger experience. According to a company filing, MIAC plans to double NAIA’s current capacity <\/strong>of 31 million passengers per year to approximately 70 million passengers. <\/p>\n\n\n\n The project will be executed in three phases<\/strong>, focusing on increasing capacity, ensuring reliability and enhancing passenger amenities.<\/p>\n\n\n\n In the first phase, which is expected to be completed by 2025, the airport’s capacity will be expanded to accommodate 54 million passengers. This phase will also address issues of reliability and reduce waiting times for passengers throughout the airport. <\/p>\n\n\n\n The second phase, scheduled for completion by 2028, will further increase the capacity to 62.5 million passengers per year. It will involve expanding terminal floor areas, improving airfield facilities, and enhancing cross-terminal transportation. <\/p>\n\n\n\n The final phase, set to be completed by 2048, aims to raise the airport’s capacity to the target of 70 million passengers.<\/p>\n\n\n\n Kevin Tan<\/strong>, vice chairman and CEO of Alliance Global, stated: “The Manila International Airport Consortium recognizes the immense task of transforming NAIA to meet the exponentially growing demands of Mega Manila air travel, not only here and now but also in the future.”<\/p>\n","protected":false},"excerpt":{"rendered":" Manila International Airport Consortium (MIAC) is a joint partnership that includes Newport World Resorts’ parent Alliance Global Group.<\/p>\n","protected":false},"author":176,"featured_media":16426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Manila International Airport Consortium (MIAC), which includes Alliance Global Group, parent of Newport World Resorts, has unveiled a PHP267bn (US$4.8bn) plan to upgrade Ninoy Aquino International Airport (NAIA). This multi-phase project aims to significantly increase NAIA's capacity from 31 million to 70 million passengers annually by 2048, enhancing reliability and passenger experience. For Alliance Global Group, this infrastructure investment underscores a strategic commitment to bolstering tourism infrastructure, which is critical for the long-term growth trajectory of its integrated resort and gaming verticals.","focusai_entities":"Manila International Airport Consortium, Alliance Global Group, Newport World Resorts, Ninoy Aquino International Airport, Kevin Tan","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), investor_analyst (0.9), operator_casino (0.85), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"ROI for AGI?","query":"What is the projected return on investment for Alliance Global Group's stake in the MIAC airport upgrade, specifically considering its impact on Newport World Resorts' GGR and overall conglomerate valuation?"},{"label":"Market Share Impact?","query":"How might the enhanced NAIA capacity influence the competitive landscape and market share dynamics among integrated resort operators within the Manila gaming vertical?"}],"footnotes":""},"categories":[157,16333],"tags":[24174],"class_list":["post-777006447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-newport-world-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777006447"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006447\/revisions"}],"predecessor-version":[{"id":777006475,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777006447\/revisions\/777006475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16426"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777006447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777006447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777006447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}