A new international airline hub with four runways will prevent a repetition of the disruption of last weekend's flights at Ninoy Aquino International Airport, which affects thousands of travelers around the world, according to the head of the country's largest conglomerate.
At the same time, the $ 15 billion "aerotropolis" that San Miguel Corp. want to build in Bulacan, stimulate the development north of Metro Manila and the congested car traffic in the always superfluous arteries of the capital, said company chairman Ramon S. Ang. .
"Together with the ongoing MRT-7 project, people can live and work in an area with more affordable real estate prices, and reach Edsa in 25 minutes with their train service," he said, referring to the ongoing Metro Rail Transit line 7 project-a forensic rail system running from Quezon City to Bulacan.
The privately funded airport complex takes six years to complete from the moment the project breaks ground and will not include government guarantees, according to the project documents that the researcher sees.
It will rise on an area of 2,500 hectares directly north of Navotas along the coastline of the Bay of Manila, which the conglomerate has acquired in recent years.
Nowadays, economists estimate that air traffic congestion at 70-year-old Naia airlines costs as much as P1.1 billion a year in losses for fuel and operating costs. This is expected to rise to P3.8 billion per year in 2020.
Meanwhile, an estimated P2.8 billion passenger productivity is lost annually as a result of delays in the current Naia passenger volumes. It is expected that this will lead to annual productivity losses of P11 billion per year at the current rate at which passenger traffic is growing in the country's main aviation hub.
San Miguel said that the proposed airport – in addition to not being dependent on public funding – would be able to accommodate 200 million passengers per year, and will be accessible from Metro Manila, north and south Luzon via several highways. The first two runways will be operational in five years, while two others will be completed in the sixth year.
According to the proposal, the project must be transferred to the government at the end of a 50-year concession period.
As a bonus, Ang said the conglomerate would also help to address Bulacan's perennial flood problem by creating an overflow that could drain excess water from the increasingly deforested Angat and Ipo dam water systems directly to the Manila Bay.
"This will solve the floods that have been in many areas of the province for many years," he said.
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