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.

SMC to turn Bulacan into PH seafood capital

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.

Please follow and like us:

Tags: , , , , ,

Related Stories
Aboitiz InfraCapital Inc. has committed to shell out P3.8 billion for the operations and maintenance
CLARK FREEPORT, Pampanga — Korean Air launched its direct non-stop Clark-Incheon flight via the Clark
The Department of Transportation hopes to complete its evaluation of the revised proposal submitted by
Air travelers should not keep their hopes up that airport congestion will be solved once


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.