Ang To Present Proposal Next Month
26 March 2014
26 March 2014
The Philippines' most diversified conglomerate is planning to present a proposal to the government next month to build the proposed US$9 billion Manila-Sangley International Airport under the Public-Private Partnership (PPP) Programme of the government.
Transportation Secretary Joseph Emilio Abaya said the project entails major reclamation works in the Cavite Peninsula to get the required area of 2,000 hectares for the new airport complex that will eventually become Manila's main gateway.
San Miguel Corporation intends to infuse US$10 billion to the airport project, 1 billion more than what is being prepared by Japan International Cooperation Agency (JICA).
The proposal when approved by the President will be subjected to a Swiss challenge where other bidders are asked to compete for the project proposal, with the original proponent allowed to match the best offer for the airport project which is expected to have a maximum of four parallel runways and 70 million passenger capacity.
Under the PPP proposal, San Miguel Corporation will intend to operate the airport for twenty five (25) years from date of opening after which the ownership of the facility will be turned over to the government.
The airport is expected to be ready in six years time from date of contract approval. The facility is expected to be used primarily by Philippine Airlines and PAL Express.
The Sangley International Airport Project is part of the $51 billion transportation infrastructure plan which JICA is preparing for the Philippine government.
The integrated transport plan includes building of airport and rail expressway towards Pagcor Entertainment City, the gaming and entertainment complex currently under development and to which San Miguel hopes to connect to their bagged concession, the 7.15-kilometer, four-lane P15.86-billion Ninoy Aquino International Airport (NAIA) Expressway project that links the entertainment complex to NAIA and Skyway in the South Luzon Expressway (SLEX).