RSA looking for local partner for Bulacan airport project
San Miguel Corp. is keen on getting a local partner for its proposed development and operation of a P700 billion international airport in Bulacan.
“Our priority is to look for a Filipino partner to help us build the Bulacan airport,” said San Miguel president Ramon S. Ang.
SMC obtained original proponent status for its plan to build an international gateway in a 2,500 hectare property in Bulacan that is seen to replace the Ninoy Aquino International Airport.
“We will build it with no government guarantee and no subsidy. No strings attached to the government. Based on our estimate the construction of the new airport will take at least five years,” Ang said.
“The project will help grow our economy and tourist arrivals,” he added.
The proposed airport will initially have four runways with a length of 3.5 km and width of 600m that can accommodate 50 million to 100 million passengers upon its completion in five years.
It can be expanded to six runways and service as much as 150 million passengers.
An original proponent status gives a company an advantage in a competitive bidding process should the project be auctioned off under a Swiss challenge.
The original proponent must match the best bid to win the project.