The Philippine Department of Transportation has approved a proposal by San Miguel Holdings Corp. (SMHC) to construct a four-runway airport in the Bulacan province, north of downtown Manila. Known as the New Manila International Airport, construction of the PHP735.6 billion ($14 billion) facility will begin by the end of 2019, with completion set for 2025. It would be the country’s largest transportation project to date. Plans call for an initial capacity of 100 million ...

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