Philippines’ San Miguel Corp set to win $145 billion new airport project

The new international airport, which will be built over a 50 year concession period, will cater to 100 million passengers per year.

On Wednesday, as per a government official from Philippines, San Miguel Corp, a conglomerate is set to win a contract to build and operate a $14.47 billion (735.6 billion pesos) airport project aimed at de-congesting Manila’s age old airport.

In a statement, Giovanni Lopez, chairman of the transport ministry’s bids and awards committee stated, “San Miguel’s unsolicited bid went unchallenged following a two-month period for companies to buy and submit Swiss challenge documents”.

San Miguel has proposed to build and operate a new international airport north of the capital over a 50-year concession period. The new airport will cater to 100 million passengers per year.



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