(UPDATE) PRESIDENT Ferdinand Marcos Jr. has approved the P170-billion solicited public-private partnership (PPP) proposal to rehabilitate the Ninoy Aquino International Airport (NAIA), National Economic and Development Authority (NEDA) chief Arsenio Balisacan said on Wednesday.

Marcos, who chairs the NEDA Board, gave the nod for the project during a meeting in Malacañang on Wednesday morning.

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