September 29, 2011

EXECUTIVE ORDER NO. 58

MANDATING THE TRANSFER OF NAYONG PILIPINO FOUNDATION'S PASAY PROPERTY TO THE MANILA INTERNATIONAL AIRPORT AUTHORITY

WHEREAS, the Nayong Filipino Foundation, Inc. (NPF) through

WHEREAS,

WHEREAS,

WHEREAS,

WHEREAS, Section 7 (c) of ipso facto revert to the National Government if the NPF is dissolved or ceases, for any reason, to undertake its objectives, or ceases to need the land for any reason; AHCaES

WHEREAS, it is the declared policy of the State to promote and maintain a viable, efficient, dependable and safe air transportation system as an effective instrument for national recovery and economic progress;

WHEREAS, the MIAA needs the remaining 22.3 hectares of NPF land for the expansion of Terminal 2 to the north and the development of the New International Cargo Terminal Facility to support the operation of Terminal 3 to accommodate growth in the passenger and aircraft movement at the Ninoy Aquino International Airport; and

WHEREAS, Section 7 (a) of

NOW, THEREFORE, I, BENIGNO S. AQUINO III, President of the Philippines, by virtue of the powers vested in me by law, do hereby order the Nayong Pilipino Foundation, Inc. to transfer its remaining land with an area of 22.3 hectares in Pasay City to the Manila International Airport Authority.

This Executive Order shall take effect immediately upon publication in a newspaper of general circulation.

DONE in the City of Manila, this 29th day of September, in the year of Our Lord, Two Thousand and Eleven.