The proposed New Manila International Airport (NMIA) project in Bulacan might be built on a 2,500-hectare beachfront property.
San Miguel Holdings Corporation (SMHC), a unit of diversified conglomerate San Miguel Corporation, whose unsolicited proposal was approved in April by the board of the National Economic and Development Authority (NEDA), outlined its plans to organize the positioning in a press release Thursday.
This includes dredging coastal areas, clearing them of garbage, working with local authorities to stop corporations from dumping toxic waste into the water, and increased security along the complete Bulacan coast.
“Accordingly, the company stands ready to increase Coast Guard patrol efforts to prevent the discharging of garbage and industrial waste,” SMHC said in a press release.
This is anticipated to revitalize 12,000 hectares of Bulacan’s coastline as a part of a P754 billion ($14 billion) development project.
“This is an important investment for us and a game changer in our country. Therefore, it will be a sustainable development,” San Miguel Corporation president and CEO Ramon Ang said in a press release.
He added that after the project is fully approved, it is anticipated to create jobs for staff in Bulacan and neighboring provinces.
“This is a huge project and we estimate that over the next five years we will generate millions of direct and indirect jobs in the construction and operation of the New Manila International Airport,” Ang said.
The NEDA board approved the outcomes of negotiations between SMHC and the Department of Transportation on December 24 last 12 months. They will probably be reviewed by the Attorney General and the Department of Finance.
Conglomerate San Miguel Corp. (SMC) goals to start construction work on its massive Bulacan Airport project by 2019, which is meant to function an alternative choice to and eventually replace Manila’s Ninoy Aquino International Airport (Naia).
Once fully developed, the brand new gateway can have six parallel runways and can find a way to handle as much as 100 million passengers per 12 months. The project is situated roughly 50 kilometers north of Manila.
The DOTr can also be expected to outsource the operations of Naia, which has been combating congestion problems, to a bunch of conglomerates generally known as the Naia Consortium next 12 months. The government can also be expanding Clark International Airport, one other alternative gateway situated north of Bulacan province.
(Source: CNN | Inquirer)
