Senator Grace Poe wants the San Miguel Corporation, the proponent of the New Manila International Airport in Bulacan to start the project.
With the franchise she is confident, the SMC will hit the ground running so that “we can begin our countdown to the 10-year construction period of the brand-new international hub, at no cost to the government.”
She explained that after the expiration of the 50-year franchise, the ownership of the airport will be turned over to the government – again, free of cost.
When it has been determined that the developer has fully recovered its investment even during the period of the franchise, the government shall be entitled to the amount in excess of the internal rate of return of 12 percent per annum, the lady senator stressed.
She added coming at a time when the economy is badly impaired by the COVID-19 pandemic, we see the potential of this project in generating local jobs and drawing the interest of investors.
The new airport will take the pressure off our often notoriously-packed NAIA terminals and improve the country’s accessibility to tourists and locals alike who can now explore the archipelago with much ease.
We are building this airport not just for the present, but for the future – to carry passengers who haven’t been born, to handle planes yet to be built, to keep up with the increasing need for air connectivity, the lady solon said.
“We trust the grantee of this franchise will go above and beyond in terms of servicing the public, as we keep a close watch on the development of this project,” she added.
Envisioned to decongest the Ninoy Aquino International Airport, the new airport has 4 runways, 8 taxiways, and 3 passenger terminals to 100 million passengers annually.
The Supreme Court earlier dismissed for lack in form and substance the writ of kalikasan petition filed by group Oceana Philippines against the San Miguel Corporation’s (SMC) plan to build a world class airport in Bulacan.
The group asked the court to issue a temporary environmental protection order to stop SMC from constructing the airport claiming that the airport project violated a number of laws, including the Philippine Fisheries Code, Clean Water Act, Climate Change Act, and Revised Forestry Code of the Philippines.
A Writ of Kalikasan is a legal remedy under the law that provides protection of one’s constitutional right to a healthy environment.
PHOTO: San Miguel Corp