RP builds airport terminal<\/p>\n
MANILA (AFP): President Fidel Ramos on Saturday led
\ngroundbreaking ceremonies for a modern 4.9-billion-peso (US$188-
\nmillion) domestic airport terminal in the Philippine capital due
\nfor completion in early 1998.<\/p>\n
Ramos said the new terminal will replace the current 47-year-
\nold facility, which he said has become obsolete and incapable of
\nservicing growing passenger volume.<\/p>\n
"For far too long, air travelers to the Philippines had to
\nmake do with an obsolete domestic airport that was not only small
\nbut also ill-equipped," Ramos said.<\/p>\n
He said the airport is designed to handle only two million
\npassengers a year, but current volume is now over four million
\nand is increasing at a rate of eight percent annually.<\/p>\n
French firm Aeroports de Paris and the Japan Airport
\nConsultants Inc. drew up the plan for the terminal, which
\ntransportation officials said will be able to handle nine million
\ndomestic passengers yearly.<\/p>\n
Mitsubishi Corp. of Japan heads a consortium that will
\nconstruct the facility and the Overseas Economic Cooperation Fund
\nof Japan will handle the financing, the transportation department
\nsaid in a statement Friday.<\/p>",
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