In a Facebook post shared more than 2700 times as of Thursday morning, netizen Elgin Castillo Lazaro III posted a meme containing an estimated figure of the revenue by our international airports generate annually before President Aquino privatized them one after the other.
Mr. Lazaro made use of the 2014 NAIA passenger data and the travel tax rate to come up with the amount to the tune of 73.3 billion pesos.
According to Mr. Lazaro, the travel tax amounts to 1620 pesos; the airport terminal fee amounts to 750 pesos. Get the sum of the two numbers and you will come up with 2730 pesos.
But here’s the bad news: the taxpayers are paying for the operation and maintenance of the privatized airports while the cronies are receiving the income.
Mr. Lazaro pointed out that the airport privatization initiative was the product of the much heralded PPP(Public Private Partnership) flagship of the Pnoy government.
So what can you say about this one? Let us know your thoughts in the comment section below, and don’t forget to share this blog post to your family and friends online. And also, visit our website more often for more updates.