Republic Acts1 min read
Section 6Sec./Art. 6
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Airport City and Related Businesses. -In order to encourage, promote and accelerate the sound and balanced industrial, economic and social development of the areas adjacent to the airport and attract investments therein, the grantee, its successors or assignees, is hereby authorized and allowed to construct, acquire, own, lease, operate, develop or manage the Airport City, and conduct other businesses related to the airport.
In addition to the rights granted unto it under Section 1 of this Act, the grantee, its successors or assignees, shall have the right to lease, sublease or assign interests in, and to collect and receive any and all income from toll roads, railroads, and mass transport systems connecting to the airport, advertising, car park, installation of cables, telephone lines, fiber optics or water mains, water lines, and other business or commercial ventures or activities over all areas and aspects of the airport and the Airport City.
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