The Philippines’ National Economic and Development Authority’s board has approved a $14 billion international airport proposed by San Miguel Corporation. The proposal is to build an airport in Bulacan province (near Manila) and is subject to a final review. The project is a part of the Philippines’ $180 billion Build, Build, Build programme, where the government aims to boost the country’s infrastructure through private sector participation. The airport is expected to ease congestion at the country’s main gateway in Manila. The company’s proposal will be subject to a Swiss Challenge under government rules, meaning other groups will be invited to make competing offers, with the original bidder being given the right to match any better proposal.
