SUMMARY
This is AI generated summarization, which may have errors. For context, always refer to the full article.
Conglomerate San Miguel Corporation on May 14 presented to President Benigno Aquino III a proposal to build a $10-billion airport that will replace the congested and 3-decade-old Ninoy Aquino International Airport (NAIA). SMC would build an airport with 4 runways on an 800-hectare property along the Manila-Cavite coastal road, which is owned by Cyber Bay Corporation. This will be double the 400 hectares being occupied by the decrepit NAIA, which has a single runway. SMC owns 49% of legacy carrier Philippine Airlines; the rest is owned by tycoon Lucio Tan.
Read the full story on Rappler.
Add a comment
How does this make you feel?
Loading
There are no comments yet. Add your comment to start the conversation.