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One of the country’s largest conglomerate, San Miguel Corporation (SMC) plans to revive its massive Manila Bay International airport proposal to presumptive President, Mayor Rodrigo Duterte as they offer to solve air congestion and signal the philippines is now series about boosting tourism and trade in the entire Asian region.
According to SMC President Ramon S. Ang the plan would showcase a world-class international airport which was earlier estimated to cost around $10 billion but the project could be built for less of the said amount. The company also seek an alliance with other conglomerates that would include Manny V. Pangilinan’s group, Henry Sy’s SM Group and the Zobel-led Ayala Corp.
The proposed airport of SMC would eventually replace the old Ninoy Aquino International Airport in Manila that is now operating beyond its intended capacity. According to some experts, the San Miguel-initiated airport would sit on 1,600 hectares of mainl reclaimed land in Manila Bya and was proposed by the company two years ago to the outgoing President Benigno Aquino’s administration.
In an interview with Inquirer, Ramon S. Ang revealed hat he was invited to propose again under the Duterte administration and noted that he will do what the company needs to be done and asks the government for a public bidding as he plans to present all the designs of the company’s proposed airport.
The SMC President was quoted as saying “If San Miguel is allowed to do the airport I will invite Manny Pangilinan, and Ayala and Shoemart (SM Group). All of them are welcome to be partners,” Ang added. “But as the major partner, I will invite Manny Pangilnan.”
For the past years, the Department of Transportation and Communications tapped the influential Japan International Cooperation Agency (JICA) to find a suitable location for a new international gateway. DOTC Sec. Joseph Abaya said that a JICA-backed feasibility study for Sangley Point in Cavite was still being finalized.
The location in Cavite could cost up to $20 billion to build as reveaed by SMC while the proposed SMC Airport in Manila Bay would require an equity of about $2 billion to $3 billion with an estimated total of $10 billion which is a smaller amount compared to the Cavite Airport.
excerpt from: http://philnews.ph/2016/05/16/smc-revives-massive-manila-bay-international-airport-proposal-mayor-duterte/
