The Philippines is a step closer to getting a new and bigger airport, one that might even eventually replace the Ninoy Aquino International Airport (NAIA) in Manila.
San Miguel Corporation (SMC) President Ramon Ang said in a news release on December 27 that the construction of the proposed P735.6-billion Bulacan International Airport will break ground this year. “While we’re still going through a long process, hopefully, in 2019, we can hit the ground running on actual construction,” he said.
This comes after the National Economic Development Authority (NEDA) approved the negotiation results of the concession agreement (CA) for the project between the Department of Transportation (DOTr) and San Miguel Holdings Corporation (SMHC) on December 24. SMHC is the infrastructure arm of the diversified conglomerate SMC.
Read more: Equire
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