Diversified conglomerate San Miguel Corp. (SMC) said Tuesday the construction of its P735-billion New Manila International Airport (NMIA) project in Bulacan and all its major infrastructure and expansion initiatives will push through despite the economic challenges brought by the COVID-19 pandemic.
“All our major, important projects will continue,” SMC president and COO Ramon Ang said during the conglomerate’s virtual annual stockholders’ meeting.
Among the company’s major projects is the NMIA or the Bulacan Airport project, which was awarded to SMC’s infrastructure arm San Miguel Holdings Inc. in August 2019.
Vital to decongesting the Ninoy Aquino International Airport (NAIA)—now operating at overcapacity, the Bulacan airport has a design capacity of 100 million to 200 million passengers per year, with four parallel runways for faster processing of flights and aircraft.
The project involves the construction, operation, and maintenance of a 2,500-hectare airport in Bulacan. The development includes a passenger terminal building with airside and landside facilities, an airport toll road, and four runways.
It includes an 8.4-kilometer tollway connecting the airport to the North Luzon Expressway in Marilao, Bulacan.
Apart from the Bulacan Airport, SMC will also continue all its ongoing major projects such as. the construction of new manufacturing facilities in various regions nationwide and major infrastructure projects like expressways and railways.
“Before the pandemic, and even more so now, we believe these projects will be key to making more Filipinos resilient, by providing jobs and boosting local economies, which in turn, will provide livelihood opportunities,” Ang said.
“With more manufacturing facilities in key regions that provide direct jobs and downstream employment, infrastructure that increases mobility and ease of trade, and sufficient and reliable access to power and fuel, we hope to help our economy through this crisis and boost our nation’s recovery,” he added. By TED CORDERO, GMA News
Source: Peso Economics
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