RSA’s P735B Bulacan airport a ‘disruptor’ in PH gateway development
San Miguel Corp.’s planned P735 billion airport in Bulacan is envisioned to be the real game changer for international gateways and the most logical solution to ease Metro Manila’s perennial traffic jams.
While the rehabilitation of NAIA appears to be the most cost-effective and fastest solution to the severe traffic congestion in the metropolis, its benefits may only be felt in the near to medium term.
NAIA’s limitations are evident . From the 42 million passengers NAIA accommodated in 2017, an upgrade could only squeeze just another eight million passengers per year into the airport.
NAIA’s two runways are “crossed”. This means they cannot be used simultaneously—the primary cause of all the congestion and overcapacity at NAIA.
While NAIA’s usefulness can extend well into the future, it is not advisable or necessary to stretch its capacity beyond what it can safely be handled by the existing runways.
San Miguel’s proposed international airport, meanwhile, will have four parallel runways and terminals that can accommodate 100 million passengers a year.
With the airport rising on on a massive 2,500-hectare complex, there will be more than enough room to expand to six runways and 200 million passengers.
SMC proposed to operate the airport under a 50-year concession without any government guarantee or subsidy.
Unlike Sangley and other potential or alternate airports, the Bulacan airport will be very easily accessible through existing and upcoming infrastructure which include the MRT-7 project and Skyway 4.
Given the escalating real estate prices in Bonifacio Global City and Makati, the government stands to earn big bucks from selling the NAIA property.