Sy-Tieng Group proposes $12-B Sangley Airport

Published March 4, 2018, 12:00 AM

by manilabulletin_admin

By Emmie V. Abadilla

A consortium composed of the Sy family and business tycoon Wilson Tieng, submitted a $12-billion unsolicited proposal to build a new Asian airport hub, the “Philippine Sangley International Airport (PSIA)” in Sangley, Cavite.

A statement released by the Solar Group’s All-Asia Resources and Reclamation Corp. (ARRC) and the Sy family’s Belle Corporation said both will lead the consortium known as Sangley Airport Infrastructure Group, Inc. They envision the PSIA as a regional airport hub that can accommodate 120 million passengers every year once it has been fully developed.

In their proposal to the government, the Sy-Tieng consortium placed the development cost of the airport component alone at $12 billion. The concession period spans 50 years.

Based on the statement, the proponents will reclaim about 2,500 hectares of land north of the Sangley peninsula to be used for the development of airport infrastructure and a commercial establishment to complement the project.

They will also develop the airside and landside facilities as well as the transportation infrastructure to service the passengers and ensure their access to the PSIA.

Furthermore, the proponents will rehabilitate the Danilo Atienza Air Base, for later use as a general aviation airport to decongest the Ninoy Aquino International Airport (NAIA) terminals during the project development phase.

Upon inauguration, the Danilo Atienza Air Base area will be transformed into an “aerotropolis” district, complete with service buildings, office towers, hotels, conference centers, and other related development.

The PSIA 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.

The new airport hub is also meant to compete with other premier Southeast Asia airports like the ones in Bangkok, Seoul, Hong Kong, and Singapore.

The statement also indicated that PSIA’s design will be optimized in relation to wind conditions and Obstacle Limitation Surfaces (OLS) zones.

The new airport 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.

Overall, the project supports the government’s multi-airport strategy as it complements other state airport infrastructure projects, such as the Clark International Airport.

More importantly, the PSIA development will put the Philippines at par with other progressive countries in Asia in terms of airport infrastructure because it expands both runway and terminal capacity with lesser constraints, according to the statement.

The project, implemented at no cost to the government, will open a new regional gateway that can accommodate millions of passengers and boost tourist arrivals.

Aside from providing for the inflow of investments and allowing the government to redevelop a prime property the PSIA will also decongest the NAIA terminals and help ease Metro Manila traffic. Passengers from the South using the new airport do not have to enter Metro Manila anymore.