San Miguel Corporation (SMC) is optimistic about the economic potential of its proposed P736-billion New Manila International Airport in Bulacan. In a statement on Monday, SMC said that the project can generate as much as one million jobs through its construction phase alone.
SMC President and Chief Operating Officer Ramon S. Ang said that the company is only awaiting the go-signal to proceed with the airport’s construction. The plan, according to Ang, is to hire “the best workers from here and abroad” for the project.
“It’s a massive undertaking. We will need Filipino talents in engineering, construction, hospitality, and airport-related services. Hopefully, this will give many of our OFWs countrymen a reason to come home, be with their families, and at the same time help in building a better future for our nation,” Ang said.
The site of SMC’s proposed airport is a 2,500-hectare property in Bulacan. The planned facility would have up to six runways and be fitted with modern terminals that could handle around 100 million passengers a year. The project received approval from the National Economic and Development Authority (NEDA) Board, which is chaired by President Rodrigo Duterte, in April.
Currently, the project is subject to another round of approval, pending the addressing of some concerns regarding the proponent’s, SMC, ability to financially and technically deliver the project.
SMC has since submitted a revised concession agreement along with the risk allocation matrix. The Department of Finance and NEDA have forwarded their comments earlier this month. SMC is now considering these.
The Department of Transportation said last week that two airport projects are being prioritized. One of these is the airport in Bulacan and the other is a project in Sangley, Cavite. The projects are expected to help ease congestion at the Ninoy Aquino International Airport.