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San Miguel Aerocity franchise lapses into law


January 4, 2021 | 12:04 am
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SAN MIGUEL Aerocity, Inc. was granted the franchise for the P740-billion Bulacan airport after the legislation lapsed into law last month.
Republic Act No. 11506 granting the company the franchise to construct and operate the domestic and international airport in Bulacan lapsed into law on Dec. 20 after President Rodrigo R. Duterte failed to sign the bill within 30 days after receipt.
The San Miguel Corp. (SMC) subsidiary will be granted tax exemptions during a decade-long maximum construction period. The company can then continue to enjoy tax exemptions after construction and until the Bureau of Internal Revenue decides that it has fully recovered its investment costs. ....

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SMC taps Dutch firm for Bulacan airport project preparation


SMC taps Dutch firm for Bulacan airport project preparation
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Metro Manila (CNN Philippines, December 15) San Miguel Corporation has chosen a Dutch firm to start land development for its ₱740-billion Bulacan airport, which is set to begin in the first quarter of 2021.
In a statement Tuesday, SMC said the $1.73-billion contract, or around ₱83.2 billion, was awarded to Royal Boskalis Westminster N.V., through its wholly-owned subsidiary Boskalis Philippines Inc. to start preparation works at the site of the New Manila International Airport in Bulakan town.
Boskalis has committed to ensure the area will be suitable for development, SMC president and COO Ramon Ang said. It will be designed with the highest technical and environmental standards, so it can withstand potential large earthquakes, local typhoon conditions, and even future sea level rise. ....

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