BDO Unibank Inc. (BDO) is playing a key role in the transformation of the Ninoy Aquino International Airport (NAIA), securing PHP 80 billion (US$ 1.42 billion) in funding for the modernization project, aimed at boosting air mobility and enhancing the passenger experience.

In collaboration with BDO Capital & Investment Corporation and the Institutional Banking Group, BDO has helped facilitate the financial backing for the New NAIA Infrastructure Corporation (NNIC), the consortium awarded the contract to rehabilitate and modernize the country’s primary international gateway.

“BDO has consistently been a reliable partner in infrastructure development, ensuring that projects like the NAIA modernization have the financial support necessary for success,” said Eduardo V. Francisco, President of BDO Capital. “This project is a key driver of economic growth, improving air mobility and solidifying the Philippines’ role as a regional hub.”

Charles M. Rodriguez, BDO’s Executive Vice President and Head of Institutional Banking Group, emphasized the importance of supporting such transformative projects. “The modernization of NAIA will enhance air travel efficiency and accessibility for millions of Filipinos, and we take pride in being a part of that progress.”

The consortium behind the NAIA modernization is led by San Miguel Holdings Corporation, along with RMM Asian Logistics Inc., RLW Aviation Development Inc., and Incheon International Airport Corporation (IIAC). Their collective expertise will significantly improve the airport’s operations, efficiency, and overall passenger experience.

SMC, a key partner in NNIC, brings vast experience in infrastructure development, contributing significantly to the Philippines’ GDP. IIAC, which operates Incheon International Airport, one of Asia’s busiest, offers global best practices in airport management and operational efficiency, ensuring world-class standards for NAIA.

BDO’s ability to mobilize significant capital in a short time demonstrates its leadership in infrastructure investment. Working alongside other investment banks, BDO Capital structured a deal that overcame complex market challenges and ensured a smooth funding process for NNIC.

“The financial expertise and swift support from BDO have been critical in ensuring the success of the NAIA modernization,” said Angelito Alvarez, General Manager of NNIC. “This partnership will transform the airport into a world-class hub, enhancing economic growth, connectivity, and the travel experience.”

As one of the administration’s top priorities, the NAIA modernization project is expected to generate significant revenue for the Philippine government, create jobs, stimulate tourism, and attract foreign investment. The project aligns with the broader vision of upgrading the country’s transportation infrastructure, alongside other key initiatives like the Metro Manila subway and the New Manila International Airport in Bulacan. Together, these efforts will strengthen the Philippines’ position in the global market while opening new opportunities for economic development.