A $12-billion unsolicited proposal to build a new Asian airport hub, the Philippine Sangley International Airport (PSIA) in Sangley, Cavite is submitted by consortium of the Sy family and business tycoon Wilson Tieng.
Once fully developed, the airport hub is expected to accommodate 120 million passengers every year.
This international 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 all Southeast Asia.
In their proposal to the government, sA $12-billion unsolicited proposal to build a new Asian airport hub, the Philippine Sangley International Airport (PSIA) in Sangley, Cavite is submitted by consortium of the Sy family and business tycoon Wilson Tieng.aid consortium placed the development cost of the airport component alone at $12 billion. The concession period spans 50 years.
According to the statement, the proponents will reclaim about 2,500 hectares of land north of the Sangley peninsula which will be utilized for the development of airport infrastructure and a commercial establishment to complement the project.
Furthermore, they will also develop the airside and landside facilities as well as the transportation infrastructure to serve the passengers and ensure their access to the airport.
Proponents will also rehabilitate the Danilo Atienza Air Base. This is for later use as a general aviation airport to decongest the Ninoy Aquino International Airport (NAIA) terminals during the time of the project’s development phase.
The Danilo Atienza Air Base area will be transformed into an aeropolis district, complete with service buildings, office towers, hotels, conference centers, and other related development upon the inauguration.
The new airport hub is also meant to compete with other premier Southeast Asia airports like those
in Singapore, Seoul, Hongkong and Bangkok.
It will likewise reduce restrictions on land in Metro Manila while operating with a significantly reduced noise impact than NAIA due to its new location off Manila Bay.
Source: Manila Bulletin