The Department of Transportation (DOTr) on Monday said construction of the P735 billion New Manila International Airport (NMIA) in Bulacan was now “in full swing” and committed to work with San Miguel Corp. (SMC) to “work together” to see this The project was completed within five years.
Transport Secretary Jaime Bautista reassured stakeholders that “the gate will be open for business soon,” noting that operations at the new airport are “expected to begin in 2027.”
He said his office is working closely with San Miguel Aerocity Inc. (SMAI), a unit of SMC, to ensure the project fully meets construction work requirements, including environmental protection requirements.
Once operational, the new gateway will help relieve congestion at Ninoy Aquino International Airport and boost economic growth in central Luzon.
The $15 billion airport complex, to be built on a 2,400-acre lot in Bulakan, Bulacan, just north of Metro Manila, will have four runways, eight taxiways and three passenger terminals. It also has provisions for future expansion to six runways and capacity for 200 million passengers a year.
Tourist arrivals are expected to increase to 30 million visitors per year, generate over a million direct and indirect jobs and contribute around P900 billion to the Philippine GDP annually by 2025.
Once constructed, the new international airport will be wholly owned by the government under a build-operate-transfer scheme.
Under the 50-year concession agreement, SMAI will provide financing, design, construction, delivery, completion, testing, commissioning, operation and maintenance of the new international gateway.
In May, SMC published a conceptual master plan for an “aerocity” in Bulacan, which is intended to complement the NMIA project.
Created by Palafox Associates, the designs “reflect the vision of a modern Philippine city that offers integrated solutions to various socioeconomic, environmental and climatic issues and corrects the flaws seen in many of Metro Manila’s urban developments,” SMC President said Ramon S Ang