Business

DoTr, SMC sign contract for P735B Bulacan airport

Conglomerate San Miguel Corp. will sign Wednesday the contract to build and operate the P735 billion Bulacan International Airport with the Department of Transportation.

Conglomerate San Miguel Corp. will sign Wednesday the contract to build and operate the P735 billion Bulacan International Airport with the Department of Transportation.

The airport — SMC’s biggest investment in a single project ever, is envisioned to be the real game changer for international gateways and the most logical solution to ease traffic congestion in Metro Manila.

Ruben S.Reinoso Jr. DOTr undersecretary for planning & project development, said SMC has met all the conditions set by the government, including the payment of performance security amounting to P10.9 billion.

The DOTr awarded the project to SMC after no other party challenged the conglomerate’s offer.

Construction of the project is expected to start by the end of the year with operations targeted to commence in four to six years.

San Miguel hired global firms Groupe ADPi, Meinhardt Group and Jacobs Engineering to design and build the New Manila International Airport in Bulakan, Bulacan. These three firms were involved in building world-class airports including Changi Airport in Singapore, Atlanta Airport in the US and Charles de Gaulle Airport in France.

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