San Miguel Corporation

San miguel Airport Proposal - Bizwatch

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• published: 04 Mar 2017
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There is a looming battle to build a much-needed new and better airport among the country’s top tycoons. We are talking about the San Miguel Corporation conglomerate and on the other side the venture between Belle Corporation of the Sy family and the Solar Group. There is no doubt that flight traffic has increased over the years, and it is expected to increase even more in the coming years. All Asia Resources & Reclamation Corporation, a joint venture of the Sy-owned Belle Corporation and the Solar Group of the Tieng family and the San Miguel Corporation conglomerate are now poised to bring their solution to this problem with their own proposals to the Philippine government. All-Asia Resources & Reclamation Corporation is proposing to spend $20 billion to build an airport and seaport near a naval and air base in Sangley Point which is South of Manila. On the other hand, the San Miguel group is proposing to build a new airport at a cost of P700 billion or US$14 billion in a 2,500 hectare property in Bulacan, which is North of Manila. At present, we are recording about 60 million air passengers passing through Manila, and our capacity is only at 31 million. The International Air Transport Association foresees that this figure could rise up to 140 million by 2035, so it is very clear that we need new airport facilities. In its proposal, San Miguel Corporation wants to build four runways with a length of 3.5 kilometers and a width of 600 meters. This facility could serve 100 million passengers a year. San Miguel proposes to increase this to six runways which can serve up to 150 million passengers. Their proposed airport will also link San Miguel’s elevated rail project and will complement the airport in the former Clark military airbase. This offer also does not carry any guarantee or subsidy from the government as San Miguel will undertake all the costs involved in building the new airport, according to Mr. Ramon Ang, president and CEO of San Miguel Corporation. The present airport has four terminals and currently serves about 40 million air travellers. The All-Asia Resources and Reclamation proposal, however, which is P6 billion higher than that of San Miguel, includes the development of a sea port in addition to a new international airport.