San Miguel Corp. (SMC) announced Tuesday the construction of the New Manila International Airport project in Bulacan would start in the first quarter of next year.
The P740-billion airport in Bulakan, Bulacan “will be the largest, most modern international gateway in the Philippines.”
Meanwhile, SMC president and chief operating officer Ramon Ang confirmed that it awarded a $1.73-billion contract to Dutch dredging firm Royal Boskalis Westminster N.V. through its wholly-owned subsidiary Boskalis Philippines Inc.
“Our selection of a global giant in dredging shows how ready, willing, and committed we are to do everything necessary to make sure this airport project is developed properly and sustainably. We will make sure it will serve and benefit Filipinos, our host province Bulacan, and the rest of the Philippines, for many generations to come,” Ang said.
“Boskalis has committed to ensure that the area will be suitable for development. It will be designed with the highest technical and environmental standards, so it can withstand potential large earthquakes, local typhoon conditions, and even future sea-level rise,” he said.
New Manila International Airport construction begins Q1 of 2021
With the help of Boskalis, Ang said the New Manila International Airport is expected to be completed by 2024.
The proposed airport will be built on a 2,500-hectare coastal property as part of an envisioned 12,000-hectare township that features a residential zone, government center, seaport, and an industrial zone.