Sangley Airport Infrastructure Group – a consortium of Henry Sy’s Belle Corporation, Wilson Tieng’s All-Asia Resources and Reclamation Corporation – has submitted to Philippine government an unsolicited proposal to develop the Philippine Sangley International Airport (PSIA) worth USD12 billion.
The airport development proposal involves reclamation of approximately 2,500 hectares of land north of the Sangley peninsula. Development of commercial establishment is also included.
“The PSIA will be designed with two parallel independent runways and sufficient airside and terminal capacity to accommodate future demand for domestic, international and transfer traffic, not only for the Philippines but for all Southeast Asia,” Sangley Airport Infrastructure Group said in a statement.
“The new airport hub is also envisioned to compete with other premier Southeast Asia airports like the ones in Bangkok, Seoul, Hong Kong, and Singapore,” Sangley Airport Infrastructure Group said in a statement,” it added.
The PSIA proposal also involves the rehabilitation of Danilo Atienza Air Base. The proposed concession period is 50 years to be implemented at no cost to the government.
Sources: http://bworldonline.com/sy-tieng-group-formalizes-12-b-sangley-airport-plan/; https://www.airport-technology.com/news/sangley-consortium-submits-plans-12bn-philippine-sangley-airport/