By Myla Iglesias
September 19, 2017
The Department of Transportation (DOTr) is open to undertake a Swiss challenge on the P700-billion unsolicited proposal of San Miguel Corp. for a new international airport in Bulacan as long as government will not provide subsidy or guarantee.
“We are ready to talk... subject to existing laws and regulations, but there’s no government sovereignty, no government guarantee or subsidy, and there’s contract requiring airlines to fly their airport,” said Arthur Tugade, DOTr secretary.
Once DOTr and SMC agree on those conditions, Tugade said the proposal would be submitted to the National Economic Development Authority (NEDA)-Investment Coordination Committee for approval.
The proposal will then have to secure approval from the NEDA board chaired by President Duterte prior to the Swiss challenge exercise.
SMC last year submitted to the Duterte administration a revised proposal on the new airport, this time in a new location.
It earlier planned to locate the airport on CyberBay Corp.’s reclamation project on Manila-Cavite Coastal road at a cost of $10 billion.
With the new location, the new airport will be connected to SMC’s rail project, Metro Rail Transit 7 (MRT-7) which runs Araneta-Colinas Verdes Subdivision, City of San Jose del Monte, Bulacan to EDSA corner North avenue in Quezon City.
MRT-7 will be operational by 2020.
The proposed international airport will occupy 1,168 hectares out of 2,500 hectares of land. The rest will be developed into a city complex.
SMC has been expanding its airport portfolio.
SMC through TransAire Development Holdings Corp. currently oversees the modernization of the Caticlan airport.
Through San Miguel Holdings Corp.-IIAC (Incheon International Airport Corp.) consortium, the company has been prequalified to bid for the five regional airports.
The company also expressed interest to join in the bidding of P74.56-billion Ninoy Aquino International Airport (NAIA) development project.
Meanwhile, the new international airport is expected to address the worsening traffic congestion at NAIA which is currently operating beyond its ideal capacity of 35 million passengers per year.
According to a study of the Japan International Cooperation Agency (JICA), the number of air passengers in NAIA is projected to reach 47.8 million in 2020; 59 million in 2025, 71.6 million by 2030 and 85.6 million by 2035.
By 2040, the number would top 101 million.
September 19, 2017
The Department of Transportation (DOTr) is open to undertake a Swiss challenge on the P700-billion unsolicited proposal of San Miguel Corp. for a new international airport in Bulacan as long as government will not provide subsidy or guarantee.
“We are ready to talk... subject to existing laws and regulations, but there’s no government sovereignty, no government guarantee or subsidy, and there’s contract requiring airlines to fly their airport,” said Arthur Tugade, DOTr secretary.
Once DOTr and SMC agree on those conditions, Tugade said the proposal would be submitted to the National Economic Development Authority (NEDA)-Investment Coordination Committee for approval.
The proposal will then have to secure approval from the NEDA board chaired by President Duterte prior to the Swiss challenge exercise.
SMC last year submitted to the Duterte administration a revised proposal on the new airport, this time in a new location.
It earlier planned to locate the airport on CyberBay Corp.’s reclamation project on Manila-Cavite Coastal road at a cost of $10 billion.
With the new location, the new airport will be connected to SMC’s rail project, Metro Rail Transit 7 (MRT-7) which runs Araneta-Colinas Verdes Subdivision, City of San Jose del Monte, Bulacan to EDSA corner North avenue in Quezon City.
MRT-7 will be operational by 2020.
The proposed international airport will occupy 1,168 hectares out of 2,500 hectares of land. The rest will be developed into a city complex.
SMC has been expanding its airport portfolio.
SMC through TransAire Development Holdings Corp. currently oversees the modernization of the Caticlan airport.
Through San Miguel Holdings Corp.-IIAC (Incheon International Airport Corp.) consortium, the company has been prequalified to bid for the five regional airports.
The company also expressed interest to join in the bidding of P74.56-billion Ninoy Aquino International Airport (NAIA) development project.
Meanwhile, the new international airport is expected to address the worsening traffic congestion at NAIA which is currently operating beyond its ideal capacity of 35 million passengers per year.
According to a study of the Japan International Cooperation Agency (JICA), the number of air passengers in NAIA is projected to reach 47.8 million in 2020; 59 million in 2025, 71.6 million by 2030 and 85.6 million by 2035.
By 2040, the number would top 101 million.
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