Etiqueta: Bulacan

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Incheon Int’l Airport to join San Miguel on developing new Manila airport

The Incheon International Airport Corp. (IIAC) will work together with Filipino multinational company San Miguel Corp. on developing the Philippines’ new airport near Manila.

IIAC said Sunday that it has entered into the memorandum of understanding with San Miguel Corp, the Philippines’ largest company to cooperate on developing a new international airport in Bulacan province, about 40 kilometers northwest from Manila.

San Miguel currently is waiting for the Filipino government’s final awarding of the new airport project worth about 17.5 trillion won ($15.5 billion). In April, it gained an approval on its unsolicited proposal of opening a new airport, dubbed New Manila International Airport that it submitted in 2016. Once awarded, San Miguel will be given the rights to build and operate the new Manila airport for 50 years. The company plans to set up the new airport with as many as four parallel runways to serve over 100 million passengers yearly.

The Philippines’ capital Manila already has a main air gateway Manila Ninoy Aquino International Airport but it already has reached its saturation point. Last year, a total of 42 million people traveled through the airport, exceeding its annual service capacity of 31 million.

IIAC said the New Manila International Airport will be constructed on reclaimed land just like the Incheon International Airport itself, allowing it to share its experience on constructing and operating the airport with San Miguel. It plans to work with the Filipino primarily on operating the new airport.

Source: Pulse

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Philippines: Award of crucial airport projects seen in early ’19

With roughly a month to go before the end of the year, the Department of Transportation (DOTr) acknowledged that the final awarding of key private sector-proposed airport projects in Manila and Bulacan could be completed by early 2019 at the soonest.
Transportation Undersecretary for planning Reuben Reinoso yesterday said the two projects—San Miguel Corp.’s P800-billion international airport in Bulacan province and Naia Consortium’s P102-billion offer to modernize and operate the Ninoy Aquino International Airport—had yet to be cleared by the Investment Coordination Committee of the National Economic and Development Authority.

The two projects form part of the DOTr’s so-called multiairport policy, which aims to address worsening congestion in Naia, the Philippines’ main gateway.
The go-ahead of the Neda-ICC will be followed by the approval of the Neda Board, which is chaired by President Duterte. As unsolicited proposals, the final step is a bidding process known as Swiss Challenge, which requires at least 60 days.
Reinoso said they were still targeting to launch the Swiss Challenge, wherein rival bidders would be allowed to submit offers, before the end of 2018. But he explained that this would depend on when the projects would be approved by the Neda ICC.
Reinoso said the offer of Naia Consortium, a group of seven conglomerates, remained with the Neda-ICC pending the submission of additional documents by the Manila International Airport Authority.
He added that the concession agreement for SMC’s airport offer was being reviewed by the Department of Finance and Office of the Solicitor General. It will then be handed over to the Neda-ICC for “reconfirmation.”
Naia Consortium and SMC hold original proponent status (OPS) for their respective projects. This means they both carry a big advantage during the Swiss Challenge. OPS holders can still win the project because they have the right to match rivals with better bids.
Naia Consortium’s members are Ayala Corp., Aboitiz Equity Ventures, Alliance Global Group Inc., Asia Emerging Dragon, Filinvest Development Corp., JG Summit Holdings Inc. and Metro Pacific Investments Corp. Its technical partner is Changi Airports International.
Through a 15-year concession, Naia Consortium wants to increase capacity in Naia to around 65 million passengers yearly in four years. This is double the existing design capacity of 31 million passengers a year. Naia’s four passenger terminals served 42 million passengers in 2017.
On the other hand, SMC is planning a brand-new airport in Bulakan, Bulacan, that will have as many as six parallel runways and a capacity of over 100 million passengers yearly.

Another key part of the multiairport strategy is Clark International Airport, Pampanga’s gateway that is currently being expanded under the public-private partnership scheme.

Source: Inquirer Net