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Oct 18, 2018 @ 21:47

SMC hopeful Bulacan airport project will finally take off

 

Conglomerate San Miguel Corrp. has agreed to shoulder the acquisition of right of way and local permits in connection with its unsolicited proposal to build an international airport in Bulacan.

Transportation Secretary Arthur Tugade said the governmwnt just concluded the final round of negotiations with SMC over the concession agreement of the conglomerate’s P735 billion New Manila International Airport.

“I will issue a certificate of successful negotiation by next week, then on that basis it will go to NEDA,” Tugade said.

Tugade said the Swiss Challenge would be done before the end of the year.

SMC president Ramon S. Ang said the project is “a game changer” and is expected to attract more foreign tourists to the Philippines.

The project involves the construction of a world-class, major international gateway with four to six parallel runways, modern terminals, a sea port and an industrial zone. It is expected to completed in five to seven years.

It is seen to create one million jobs during the construction phase.

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