San Miguel Corp. to Upgrade Philippines' Main International Airport in a $3 Billion Plan

A consortium led by billionaire Ramon Ang’s San Miguel Corp. and the Philippine government will invest $3 billion to upgrade and operate Ninoy Aquino International Airport, aiming to establish a new standard in service excellence. The private sector's involvement is expected to generate over 900 billion pesos in revenues over the 25-year concession period, easing the government's fiscal burden. The consortium plans to double the airport’s capacity to 62 million passengers and enhance facilities for greater comfort and convenience. This initiative aligns with San Miguel Corp.'s diversification into infrastructure, aligning with its transformation from a brewer and food manufacturer to one of the country’s most diversified businesses.