Bid To Build A New Airport In Manila Approved!
One of the solutions identified by the government to ease congestion in Manila’s existing airport situation is to build a new one near Manila. Earlier on Wednesday, the bid to build a new airport has been approved.
Transportation Secretary Arthur Tugade in an interview said:
“This new international airport is important in helping ease the congestion of the Ninoy Aquino International Airport (in Manila).”
San Miguel was granted the project and will build the said airport in Bulacan, north of Manila. The construction of Bulacan airport will begin before the end of 2019 and open for business no later than 2025, according to the Department of Transportation (DOTr). T
This airport is so far the biggest infrastructure project under President Rodrigo Duterte’s government and San Miguel plans to run the airport after obtaining a government concession.
The announcement came after the close of trade in Manila. Shares in San Miguel rose 1.19 percent to end at PHP178.00 (US$3.50).