From P300 to P1,200 for overnight parking and more: NAIA imposes significant increase in parking fees

The new management of the Ninoy Aquino International Airport (NAIA) announced higher parking rates that will take effect starting Oct. 1.

In a letter dated Sept. 30, the New NAIA Infra Corporation (NNIC), a conglomerate led by San Miguel Corporation, said the parking rate for cars is worth P50 for the first two hours, from P40. It's P20 for motorcycles and P100 for buses.

Succeeding hours would mean an additional P25 (cars), P20 (motorcycles), and P50 (buses) per hour or a fraction thereof.

The overnight parking rate for cars, meanwhile, is now worth P1200, from P300. It's P480 for motorcycles, and P2,400 for buses.

"These adjustments are necessary to ensure continued maintenance and improvements to our facilities," the NNIC said.

The NNIC has taken over the airport’s operations on Sept. 14 after winning the bidding in February.

The NNIC's first order of business was to rehabilitate the airport, including the expansion of Terminals 2 and 3 and repurposing of Terminal 4 into a warehouse and office.

It's also looking to build a three-story Airport Express Hotel adjacent to the north wing of Terminal 2 for those who have early morning departures and those who would miss their connecting flights.

There’s also a planned access road toward Terminal 2’s north wing once its expansion is complete.

It signed the concession agreement with the government the following month.

Their contract is 15 years and can be extended to 10 more years.

The NNIC is expected to spend over P200 billion for the concession, including the P122.3 billion capital outlay, the P30 billion upfront payment, and the P2 billion fixed annual payment.

It’s also set to share 82.16% of its gross revenue with the government.