San Miguel?s $14B Bulacan airport proposal eligible for Swiss challenge
The National Economic Development Authority?s board approved San Miguel Corp.?s P735.6 billion unsolicited proposal to build an airport in Bulacan province.
San Miguel?s proposal will be subject to a Swiss Challenge. Under this scheme, a government agency that receives an unsolicited proposal for a project from a private group invites third parties to match or surpass the proposal.
The project is granted to the original proponent if there are no other proposals submitted.
It will be constructed without any government subsidy and may be completed in five years.
The proposed airport will have two runways for domestic flights and two runways for international flights. The parallel runways will 240 movements per hour or 60 movements per hour per runway.