San Miguel Corporation to Start Construction of the New International Airport in Bulacan This 2019

One of the country's largest conglomerates, San Miguel Corporation (SMC) continued its support for the Philippine government under Pres. Rody Duterte as the country 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.


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, 2019.



The top honcho of SMC was quoted as saying "While we’re still going through a long process, hopefully, in 2019, we can hit the ground running on actual construction," he said.

The statement of Ramon Ang came out 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 SMC.

With the recent preparations and undertakings, before the project officially breaks ground, NEDA noted that the revised CA will have to go through a final review by the Office of the Solicitor-General and the Department of Finance before it is endorsed to other parties for a Swiss Challenge.

The Bulacan International Airport is an unsolicited public-private partnership (PPP) proposal from the SMHC to construct, operate, and maintain the airport on a 2,500-hectare land in Bulakan, Bulacan.



SMHC, as the original proponent, will solely shoulder the total project cost of P735.63 billion through an unsolicited build-operate-transfer arrangement. This means the project will not require any government guarantee or any form of subsidy.

"These are substantial features, proving the project is adequately advantageous to the government," said Socioeconomic Planning Secretary Ernesto M. Pernia in a statement on December 24. "They certainly raise the bar on unsolicited PPP projects."

The Bulacan International Airport will have four parallel runways (expandable to six), and will be equipped with modern and world-class facilities. It is expected to accommodate 100 million passengers a year—a huge improvement compared to NAIA’s current capacity of just about 31 million passengers annually.

Source: PNA

San Miguel Corporation to Start Construction of the New International Airport in Bulacan This 2019 San Miguel Corporation to Start Construction of the New International Airport in Bulacan This 2019 Reviewed by Phil Newsome on January 24, 2019 Rating: 5
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