GOOD NEWS! PAGPAPATAYO SA P734 BILLION NA NEW MANILA INTERNATIONAL AIRPORT, SISIMULAN NA!

Conglomerate San Miguel Corp. on Wednesday signed a contract with the government to build and operate a $15-billion international airport in Bulacan province, north of Manila, aimed at decongesting the overstretched gateway in the capital.

Transportation Secretary Arthur Tugade and SMC President and COO Ramon Ang sealed the 50-year concession agreement for the Bulacan airport.

The project was awarded to SMC last month after the competitive challenge for its unsolicited proposal ended with no counterbids.   

“The airport will be built at no cost to government, and with no subsidies or guarantees,” Ang said. “This is the only meaningful project in the last many years"

WATCH!

LIKE IT? SHARE WITH YOUR FRIENDS!