NNIC’s first year: P48.3B remitted to gov’t; 2025 airport capex to hit P13B

Insider Spotlight

• NNIC has remitted P48.3 billion to the government as of Aug. 15, 2025
• The amount includes a P30-billion upfront fee under its concession deal
• The government takes 82 percent of NAIA’s revenues, among the highest in PPPs
• NNIC is projecting P13 billion in capital expenditures this year

New NAIA Infrastructure Corp. (NNIC) has remitted P48.3 billion to the government less than a year after taking over operations of the Ninoy Aquino International Airport (NAIA) on Sept. 14, 2024, the private operator of the country’s main aviation gateway said.

In a set of infographics released on Sept. 11, 2025, the San Miguel Corp.-led firm said the figure included the P30-billion upfront payment committed under its Public-Private Partnership (PPP) concession with the government, as well as annuity fees, revenue remittances, and passenger service charges, according to official data as of Aug. 15, 2025.

One of the highest government shares in PPP history

Under the agreement, the government receives 82 percent of NAIA’s revenues, one of the largest revenue shares in any PPP infrastructure deal.

So far, NNIC’s remittances have included:

• P1.6 billion annuity fee in 2024, rising to P1.96 billion this year
• P3.99 billion in fourth quarter of 2024 revenue remittances, followed by P4.59 billion in the first quarter of 2025 and P4.64 billion in the second quarter 2025
• P341 million in passenger service charges in 2024 and P1.16 billion in 2025

These flows demonstrate both the heavy revenue capture for government coffers and the scale of NAIA’s contribution despite ongoing modernization.

P13-B capex for modernization

For 2025, NNIC has earmarked P13 billion in capital expenditures. The funds are intended to cover operations and upgrades as part of the airport’s multi-year modernization plan.

Terminal fees, which will rise for the first time in 20 years starting Sept. 14, 2025, are expected to support these improvements. NAIA’s international terminal fee will be set at P950, while domestic passengers will pay P390.

Even with the adjustment, officials emphasized that NAIA’s rates remain among the lowest in Asia and comparable to other Philippine airports.

The big picture

The early inflows from NAIA’s concession deal underscore how public-private partnerships are being leveraged to bolster both infrastructure and fiscal revenues.

For government, the steady revenue stream helps close fiscal gaps. For passengers, the promise is improved facilities after decades of underinvestment.

The real test will be whether NNIC’s planned capex translates into visible improvements in passenger experience at the country’s main gateway.