Why the Philippines Chose to Privatize Its Largest Airport

Quick Summary:

Once again, Manila has demonstrated its willingness to turn vital national infrastructure over to the private sector.

The Philippines, more so than many of its neighbors, often shows a willingness to turn key infrastructure such as electricity, municipal water, and now its biggest international airport, over to private market actors.

The interesting thing is that despite suffering from chronic under-investment and poor management, Ninoy Aquino International Airport has historically been a profitable asset for the national government.

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Article Details

Author / Journalist: James Guild

Category: Economy

Markets: United StatesBangladeshChinaIndiaJapanNorth KoreaSouth KoreaMyanmarPhilippinesSri LankaVietnam

Topics: Concession Year Million Airport Philippines International Private Invest Naia Manila Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 07:39:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 1950 words

Reading Time: 11 minutes read

Sentences: 81 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21870391

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