All is not lost for the Sy-Tieng group
The future is not as hopeless as it may seem for the Henry Sy-Wilson Tieng tandem as the government is open to having multiple airports.
Transportation Secretary Arthur Tugade told reporters that the government welcomes submissions of proposals from interested parties to build new airports including that of All-Asia Resources and Reclamation Corp. (ARRC) of the Sy-Tieng group.
This was in response to queries from the media after San Miguel Corp. bagged original proponent status for its proposal to build a third international gateway in the province of Bulacan. This means the original proponent gets the right to match the best and final offer, thus enjoying a preferential right of first refusal.
ARRC has proposed to construct an airport, seaport and economic zone on a reclaimed land off Sangley Point in Cavite.
“We are still awaiting the development or possible development of Sangley. We are made to understand that there are certain private parties ready and willing to invest in Sangley to make it into another international airport,” he said.
ARRC’s proposal involves the rehabilitation and operation of the Sangley Airport to accommodate low-cost carriers and private jets to declog runway traffic at the Ninoy Aquino International Airport.