SMC defers Bulacan airport construction
San Miguel Corp. has pushed back the groundbreaking of the P734 billion Bulacan International Airport scheduled this month following the new concerns raised by the Department of Finance over the concession agreement.
“Delayed na ang groundbreaking. May mga bago na namang issue daw eh. Nagpadala na naman ng sulat, dinedelay nila,” said Ramon S. Ang, president of SMC.
SMC inked last September a 50-year concession deal to build and operate the Bulacan airport.
Transportation Secretary Arthur Tugade said the DOF wanted to clarify some issues involving the material adverse government action (MAGA) and liability cap for the project.
He said tthe Department of Justice would review the contract, particularly the MAGA and the liability cap.
“Kung ako masusunod at maayos lahat ng issues na clarification mag grounbreak na tayo before the end of the year. Hintayin lang ho natin yung comments and position ng DOJ,” Tugade said.
Philippine Star columnist Boo Chanco earlier reported Finance Secretary Carlos Dominguez had sent an adverse memo to President Duterte against the Bulacan airport.
SMC wanted to start construction of the Bulacan airport by the end of the year, which will take four to six years to complete.