BDO Unibank Inc. (BDO) continues to play a role in advancing the national infrastructure, reaffirming its support for projects that drive sustainable growth. BDO and BDO Capital & Investment Corp. have facilitated the securing of P80 billion (USD1.42 billion) in funding for the New NAIA Infrastructure Corp. (NNIC), the consortium awarded the contract to modernize the Ninoy Aquino International Airport (NAIA).
The NAIA modernization is a priority project for the government designed to enhance air travel efficiency, improve passenger experience, and bolster the country’s economic connectivity. Led by San Miguel Holdings Corp. and its partners, including Incheon International Airport Corp. (IIAC), the project aims to transform NAIA into a world-class airport, addressing the country’s growing demand for air mobility.
BDO’s ability to mobilize substantial capital in a short timeframe underscores its leadership in large-scale infrastructure financing. Eduardo V. Francisco, president of BDO Capital, highlighted the bank’s commitment to providing the necessary financial backing to ensure the success of this transformative project. Charles M. Rodriguez, BDO executive vice president, emphasized the bank’s pride in supporting initiatives that create long-term value for both businesses and communities.
The NAIA modernization is expected to generate significant economic benefits, including new jobs, increased tourism, and foreign investments. As one of the largest public-private partnership (PPP) initiatives under the current administration, this project will also contribute to a more efficient transportation network, complementing other major infrastructure undertakings such as the Metro Manila subway and the New Manila International Airport.
BDO’s involvement in the NAIA modernization is a testament to its strategic role in driving the Philippines’ infrastructure development, fostering economic growth, and improving the country’s global competitiveness.
