New Manila International Airport is San Miguel’s ‘single biggest investment’ in PHL

News

San Miguel President and Chief Operating Officer Ramon Ang said that the New Manila International Airport will be San Miguel Holdings Corporation (SMHC)’s “single biggest investment in our country.”

This is after no challenger submitted a comparative proposal for SMHC’s Bulacan airport proposal worth PHP735.6 Billion.

With no counter proposal, the Department of Transportation (DOTr) is now in the process of issuing the Notice of Award.

The project involves the construction and operation & maintenance of a new international gateway airport in Bulacan with a design capacity of 100 million passengers per year, consisting of 4 runways, all aviation-related facilities and equipment, and an 8-kilometer airport toll road linking the Project to the North Luzon Expressway.

“It is a landmark Filipino project that will be built at no cost to government and with no subsidies or guarantees of any kind,” Ang said. “What we hope to build is a long-term solution—a sustainable and world-class Philippine gateway with enough runways and facilities to meet current and future needs,” 

“It will raise our country’s profile and competitiveness as an investment and tourism destination, and help boost our local and export industries,” he added.

“We still have a long way to go, but with the continued support of government and everyone, we hope to get started working right away,” Ang said.

The construction of New Manila International Airport is expected to be completed within 4 to 6 years from start of construction which is expected to commence before 2019 ends.