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San Miguel airport project s launch seen in 45-60 days
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Bulacan airport to break ground in two months Richmond Mercurio
MANILA, Philippines The Department of Transportation (DOTr) expects the long-delayed groundbreaking of the massive international airport project in Bulacan to push through in the next two months.
“We have originally scheduled to do groundbreaking ceremonies earlier, but because of the pandemic and personal issues, hopefully we can do a formal inauguration by April or May this year,” Transportation Secretary Arthur Tugade said.
The P740-billion international airport project being undertaken by San Miguel Corp. (SMC) was targeted to break ground as early as December 2019.
“But notwithstanding the absence of a formal inauguration, let it be known that there are works going on right now at the Bulacan international airport. Even as Mr. Ramon Ang and the DOTr are quiet, works are being done at the airport,” Tugade said.
January 4, 2021 | 12:04 am Font Size
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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.