$10B airport project presented to Aquino

Bigger, better than those in HK, Singapore

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MANILA, Philippines—San Miguel Corp. presented to Malacañang on Wednesday a $10-billion plan to build for the government along the Cyberbay reclamation area a brand-new airport seen to beat the existing international gateways of Hong Kong and Singapore.

SMC president Ramon S. Ang confirmed via text message that the $10-billion airport project was successfully presented and that Aquino was “happy.”

In an interview in his office, Ang showed a scale model of the proposed airport, which would be located along CyberBay Corp.’s disrupted waterfront reclamation project along the Manila-Cavite Coastal Road, covering the cities of Parañaque and Las Piñas.

The proposed airport will have four runways with a length of 3,600 meters each and can accommodate as many as 250 plane take-offs and landings an hour, dwarfing the 40-an-hour capacity of the current Ninoy Aquino International Airport. Four Airbus 380 planes could land on the new airport at the same time, Ang said.

Included in the $10-billion estimated cost was an elevated tollroad that would connect the proposed airport to the Makati central business district, Ang said.

“If they agree to this, it will be a massive infrastructure project beating Hong Kong and Singapore. It will be the best airport in the region,” Ang pointed out, noting that Hong Kong and Singapore had only two runways in their main airports.

The project will make use of the 157 hectares of land already reclaimed by Cyberbay, which is seeking about P11 billion in reimbursements from the Philippine Reclamation Authority for the relocation of informal settlers in the area and funds injected to run the operations of Central Bay from 1995 to 2002. It is strategically located near the Entertainment City of the state-run Philippine Amusement and Gaming Corp. (Pagcor).

While the project would rise on the reclamation project begun by Cyberbay, Ang said the entire airport would need 1,600 hectares and that more reclamation would be done while Cyberbay could have a small stake in the project.

For SMC, Ang said the conglomerate was proposing to build this for the government without owning the airport itself. Upon completion, he said SMC would turn over the airport property to the government and get compensated by operating it.

To unlock values from the 400-hectare old Naia airport, Ang suggested the privatization of the prime property, which he estimated could raise up to $10 billion for the government. “This could be another CBD (central business district),” he said.

Since SMC would not own the property, Ang said it was only proposing this as a contractor for the government. Once the airport is built, SMC will earn from terminal fees as well as fees to be paid by airlines for landing their fleet. The conglomerate will negotiate to be allowed to have a return on equity of 10 percent from this project.

Asked how long it would take to build this airport, he said the first two runways could be finished by the 5th year and the entire development completed by the seventh year from ground-breaking.

He said SMC could fund the entire $10-billion cost on its own but it would be open to take in other local partners for the commercial/retail component or even for the airport operation component.

The Cyberbay project was originally envisioned to be a 750-hectare township development but the Supreme Court, in 2002, nullified a joint venture between the state-owned Philippine Estates Authority and Amari Coastal Bay Development Corp., formerly controlled by Ital-Thai consortium. Ang later bought into CyberBay as a personal investment.

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Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • neverwint3r

    this is long overdue and hopefully it gets approved quickly, as everything in the country moves slow unless there are bribes, kotongs and ‘pampadulas’ involved. the philippines needs a much bigger and a more advanced airport not only to relieve the overcongested NAIA, but to accomodate the huge new boeing dreamliners and airbus super jumbo jets and the increasing volume of travelers and tourists.

    this proposed airport should be linked to NAIA, the major expressways and MRT/LRT or even the mall of asia, by ultra-fast, modern magnetic levitation trains like in singapore, tokyo and beijing.

  • kunsabagay

    ang bagal kumilos ng administrasyon. kelan pa ba tayo magkakaron ng world class internation

    • ibyok

      read. ang sabi nung wednesday lang na-present kay pnoy ang project. ano gusto mo, approved agad ng hwebes at tapos na ng byernes? bilis mo ah. pati ung pagttype mo di natapos sa sobrang bilis mo

      • Guest

        bwahaha napabilis sa pag type.

        bopols ka pala eh. eh ang tagal ng issue nyang naia 1 up to now nasa planning stage pa din tayo. think! bwahaha

      • ibyok

        tsk tsk. hirap umintindi. newly proposed airport tapos pupunta ka sa naia1. ogag

  • batangtun_og

    Pogi, TANDA and sexy can afford to build this airport. EASY……….

  • Paliwaweng

    It is better to develop and expand Clark International Airport.
    It would be faster and easier for passengers to reach Clark than weaving the traffic of Metro Manila to reach the reclaimed area in Paranaque.

    Unless all Metro-Manila roads will be rehabilitated, this new airport’s main future problem will be similar to NAIA, mind-boggling traffic. Modernity of the said airport would be useless if passengers will be having a hard time reaching it on time.

    And the proposed elevated toll road that will connect to Makati would be rendered useless. Traffic congestions will be created on the approach areas to the toll road as all vehicles will be vying the place for advantage.

    Whereas, accessibility to Clark is more convenient, with the NLEX and SCTEX all-round convenience and and the proposed Metro Rail Transit going to the area if completed will make Clark hundred times more better and more convenient than the proposal.
    All that is needed is to expand the area to allow more runways to be built.

  • isidro c. valencia

    I MET Henry Sy, Jr. twice at his office and he discussed to me his company’s plans to reclaim area near Mall of Asia, that was long long time ago before San Miguel Corporation presented this concept to P-Noy. The plan is to reclaim about 2,000 hectares. This will be a place for a new airport, new economic zone, entertainment city, medical corner, place to worship, and university belt. But the officials of City of Pasay are divided about the plan. Several weeks ago, the Roman Catholic Church paid a full page advertisement openly declaring against the reclamation project (with well known geologist explaining about the consequences like imbalance in ocean’s position, will cause flooding in nearby areas, etc.).

    Henry Sy, Jr. accused the Ayala Group of opposing his plans for the reason that Ayala Center and Bonifacio Center would become irrelevant if their company’s plans would be materialized.

    And now, the concept is publicly announced by the Ayalas and Cojuangcos. I suggest this project should be tendered in bidding. It is now taipans versus kastilaloy.

  • Cesar Reyes

    I like this proposal. What a wonderful Phil airport if it will be realized. Good luck to the proponent Mr. RSA.

  • RESBAK

    di ba wala pang cctv sa AQuino airport sa arrival area kailan ko ba nabasa yon? suwerte naman ng maging contractor dyan

  • Lorde

    Kansai International Airport is built on reclaimed area. It withstood the great hanshin earthquake of the 90s.

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