 MANILA, Philippines — Conglomerate San Miguel Corp. (SMC) can proceed any time with the actual construction of a new international airport in Bulacan despite the clarifications being sought by the Department of Finance (DOF) on certain provisions in the concession agreement...
...The $15-billion Bulacan airport project, also referred to as the New Manila International Airport, will be built on a 2,400-hectare property in Bulakan, Bulacan. It will have four runways, eight taxiways and three terminals and be able to handle up to 100 million passengers per year once fully completed in five years. SMC will undertake the financing, design, construction and operation of the new international gateway, which is expected to ease congestion at the Ninoy Aquino International Airport, the country’s main international gateway. Ang said that as part of preparatory work for the airport, the company had already hired expert foreign consultants to study the flooding situation in Bulacan. They have identified the rivers, creeks, tributaries, and bodies of water that need to be cleaned, deepened, widened, and improved to address flooding in the province. Ang said the new airport could bring in as much as 30 million tourists and create jobs and livelihood opportunities for Filipinos... Read more: Philippine Star Comments are closed.
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October 2020
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