House approves bill granting franchise for Bulacan airport project

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The franchise will be valid for 50 years and will allow the corporation to construct an airport in Bulacan in a span of 10 years with a project cost estimated at P740 billion. The airport will be called the New Manila International Airport. Details at

THE bill granting San Miguel Aerocity Inc. a franchise to construct, develop, establish, operate, and maintain a domestic and international airport in Bulacan hurdled third and final reading at the House of Representatives on Monday, September 7, 2020.

The franchise granted to the company will be valid for 50 years and will allow the corporation to construct an airport in a span of 10 years with a project cost estimated at P740 billion. To be dubbed the “New Manila International Airport,” the new airport is expected to decongest the Ninoy Aquino International Airport, which is now crowded. It also aims to support growth and development in Central Luzon.

 

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