New Manila International Airport (NMIA) Slated to Open in 2025
Bulacan Airport Project Nearing Completion
Project Overview
The P740-billion (approximately USD 14.8 billion) NMIA is a major infrastructure project in the Philippines. The project involves the construction, operation, and maintenance of a new state-of-the-art airport in Bulacan province.
The airport is designed to cater to the growing air traffic in the Manila metropolitan area. It will have four runways, a modern terminal building, and other supporting facilities.
Construction Progress
Construction of the NMIA is in full swing, with the project scheduled to be completed by 2027. The land development work is currently nearing completion, while the construction of the terminal building is well underway.
San Miguel Corporation's Role
The project is being undertaken by San Miguel Corporation (SMC), one of the largest conglomerates in the Philippines. SMC has committed to forfeiting P11 billion (approximately USD 220 million) if the Bulacan airport is not completed on time.
Significance of the Project
The NMIA project is a significant milestone in the Philippines' infrastructure development program. It will not only enhance the country's air transportation capabilities but also boost economic growth in the Bulacan region.
The airport is expected to create numerous jobs during construction and operation. It will also attract investments and accelerate the development of the surrounding areas.
Conclusion
The New Manila International Airport is a testament to the Philippines' commitment to infrastructure modernization. The airport is set to become a major gateway to the country, enhancing connectivity and driving economic progress.
Comments