"It depends if NAIA will be able to pay us the remaining P450-million for the construction of the new park," Planas said. She is now seeking the help of investors and private institutions to ensure the construction of a new cultural park. Planas revealed that the Manila International Airport Authority (MIAA) "is still raising" the P50-million initial payment for the 8.6 hectare of land the Nayong Pilipino Foundation Inc. ceded to the airport authority in accordance with the International Civil Aviation Organization (ICAO) standards.
A dual taxiway for the Ninoy Aquino International Airport (NAIA) Terminal 3 will be built on the said portion of the park.
Planas said NPFI and MIAA have yet to sign a memorandum of agreement (MOA) because "MIAA has to give us the P50-million check as soon as we sign it."
NPFI had asked for P500-million compensation package for the 8.6 hectares. MIAA will pay the remaining P450-million until 2004. Planas further said that MIAA still owes NPFI some P2-million in rent for a portion of the park’s property the Airport Authority used as parking space. – Nikko Dizon