$20B airport to rise in Cavite

A $20 billion international airport with a passenger capacity of 50 million passengers is expected to rise in a 2500-hectare reclaimed land near Sangley Point, Cavite.

All-Asia Resources & Reclamation Corporation president Wilson Tieng said the new airport will accommodate passenger traffic well into the year 2050. This, amid the heavily congested Ninoy Aquino International Airport.

The ARRC said they will have to reclaim land off Sangley Point for the airport project. “We will do the reclamation first and then we will start the airport which is a priority of the new government,” Tieng said.

It is not known if the government will transfer operations of the Ninoy Aquino International Airport to the proposed new international airport in Sangley Point.

The Clark International Airport in Pampanga province is still vying to become the country’s premier international gateway.

The Clark airport which has two 3.2-kilometer parallel runways was designed by the US government to accommodate the largest aircraft. Local and international flights are already operating in Clark.

But Tieng said they “are strongly committed to help the government through private initiatives to help promote better infrastructure.”

The ARRC has already teamed up with Henry Sy of SM Group to build the new international airport in Sangley Point along with a modern seaport.

Both airport and seaport projects are part of the business leaders’ Philippine Gateway Project, a multi-modal transport, logistics hub and mix-used real estate development.

Sy’s property developer Belle Corp. has acquired a significant stake in the ARRC. Both proponents are targeting to have the project operational by 2022.