Tuesday 22 May
Powered by Ajaxy
Apr 26, 2018 @ 17:12

San Miguel’s $14B Bulacan airport proposal eligible for Swiss challenge


The National Economic Development Authority’s board approved San Miguel Corp.’s P735.6 billion unsolicited proposal to build an airport in Bulacan province.

San Miguel’s proposal will be subject to a Swiss Challenge. Under this scheme, a government agency that receives an unsolicited proposal for a project from a private group invites third parties to match or surpass the proposal.

The project is granted to the original proponent if there are no other proposals submitted.

It will be constructed without any government subsidy and may be completed in five years.

The proposed airport will have two runways for domestic flights and two runways for international flights. The parallel runways will 240 movements per hour or 60 movements per hour per runway.

Tags: , , ,

Related Stories
Eight groups led by corporate giants San Miguel Corp., Metro Pacific Investments Corp., and Filinvest
San Miguel Corp. delivered solid financial results with its consolidated recurring earnings growing 31 percent
Diversified conglomerate San Miguel Corp.has approved the issuance of peso-denominated fixed notes amounting to as
San Miguel Corp. (SMC) president and chief operating officer Ramon Ang on Friday expressed optimism


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.