Sy, Tieng submit $12-b bid to build airport in Sangley
A group led by the Sy family and businessman Wilson Tieng submitted an unsolicited proposal to the government to build a $12-billion international airport in Sangley Point, Cavite.
Sangley Airport Infrastructure Group Inc., a consortium composed of Solar Group’s All-Asia Resources and Reclamation Corp. and the Sy family’s Belle Corp., said the Philippine Sangley International Airport was envisioned to be a regional airport hub that could accommodate about 120 million passengers a year once fully developed.
The consortium proposed a concession period of 50 years.
Under the proposal, the project will start with the reclamation of about 2,500 hectares of land north of the Sangley peninsula, which will be used for the development of airport infrastructure and a commercial establishment to complement the project.
The plan also includes the development of airside and landside facilities and transportation infrastructure to service the passengers and ensure accessibility of PSIA.
Another crucial portion of the PSIA development plan is the rehabilitation of Danilo Atienza Air Base, which will be later used as a general aviation airport to decongest Ninoy Aquino International Airport terminals during the project development phase.
Upon inauguration, the Danilo Atienza Air Base area will be transformed into an “aerotropolis” district where service buildings, office towers, hotels, conference centers and other related developments will be established.
The proposed airport will be designed with two parallel independent runways and sufficient airside and terminal capacity to accommodate future demand for domestic, international and transfer traffic, not only for the Philippines but for Southeast Asia.
The new airport hub is also envisioned to compete with other premier Southeast Asia airports such as the ones in Bangkok, Seoul, Hong Kong and Singapore.
PSIA’s design is also optimized in relation to wind conditions and the so-called obstacle limitation surfaces zones.
The new airport is expected to reduce restrictions on land in Metro Manila while also operating with a significantly reduced noise impact than NAIA given its location off Manila Bay.
The project supports the government’s multi-airport strategy as it complements other airport infrastructure projects of the government such as Clark International Airport
The PSIA development would put the Philippines at par with other progressive countries in Asia in terms of airport infrastructure as it allows an expansion of both runway and terminal capacity with lesser constraints, the consortium said.
The project will be conducted at no cost to the government and is seen to open a new regional gateway that can accommodate millions of passengers and significantly help increase tourist arrivals.
The PSIA development will be undertaken to pave the way for the inflow of investments to the Philippines by allowing the government to redevelop a prime property.
It will also free up NAIA terminals and help ease Metro Manila traffic as passengers from the south would no longer need to enter Metro Manila for their flights.
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