Saturday 7 December
Dec 2, 2019 @ 17:42

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.

SMC to kick off Bulacan airport construction by December

“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.

DoTr, SMC sign contract for P735B Bulacan airport

SMC inked last September a 50-year concession deal to build and operate the Bulacan airport.

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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.

Lets get it on! SMC gets notice of award for P734B Bulacan airport 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.

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