The construction of the passenger terminal building (PTB) for the New Manila International Airport (NMIA) in Bulacan is set to begin in January 2026, with operations expected to start by November 2028. San Miguel Aerocity Incorporation (SMAI), the subsidiary of San Miguel Holdings Corporation, has committed to the timeline under its 50-year build-operate-transfer concession for the airport. The first phase will accommodate 35 million passengers annually and create over one million jobs.
Delays were caused by a presidential order in 2023 halting reclamation in Manila Bay, resulting in a shortage of fill sand and additional costs for SMAI, pushing completion back by a year from the original 2027 target. Ultimately, NMIA will feature four parallel runways and aim to serve up to 100 million passengers yearly, easing congestion at Ninoy Aquino International Airport (NAIA). San Miguel Corporation also leads the NAIA rehabilitation and development of Caticlan Airport, with ongoing projects focused on capacity upgrades. The Department of Transportation (DOTr) is closely coordinating with SMC to ensure adherence to construction schedules.