New aerotropolis gets approval from NEDA Board

News

The National Economic and Development Authority (NEDA) Board during its 6th board meeting under President Rodrigo R. Duterte’s administration at the Bangko Sentral ng Pilipinas on April 25 approved the Unsolicited Proposal for the Bulacan International Airport along with 7 more projects.

Bulacan International Airport – proposed by San Miguel Corp. (SMC), described as aerotropolis – is being eyed as a new international gateway.

“The Project involves the construction, operation, and maintenance of the Bulacan International Airport with an area of approximately 2,500 hectares in Bulakan, Bulacan,” NEDA said.

NEDA added that the project involves airport development (i.e., passenger terminal building, with airside and landside facilities) and an 8.4-kilometer airport toll road, and will be able to accommodate 100 million passengers per annum by its opening year.

“This unsolicited proposal has a project cost of PhP735.634 billion,” it added.

The approved unsolicited proposal will undergo Swiss Challenge.

“We are pleased to see more infrastructure projects in the pipeline. As we roll them out, government shall keep working towards developing the country’s infrastructure to ensure easing of congestion in Metro Manila and spreading growth to the regions,” said Socioeconomic Planning Secretary Ernesto M. Pernia.

Source: http://www.neda.gov.ph/2018/04/26/14899/