Construction Review - Patrick Mulyungi
20 Sept 2023
From November 2023, the company intends to sell up to P65 billion worth of shares in the NMIA project. The proceedings will reportedly be used to pay debts and to support its airport ambitions. These ambitions include bankrolling the 2,500-hectare aerotropolis located approximately 28.5 aerial kilometres from Ninoy Aquino International Airport (Naia).
Meanwhile, the overall progress at the project site has passed the halfway mark. In June 2023 the project was 68.92% complete. Site clearance, landfilling works, and ground improvement works were 98.3%, 66.59% and 66.54% completed respectively.
The contract for the design and construction of the New Manila International Airport was awarded to ADP Ingénierie. Meinhardt Group and Jacobs Engineering Group are also a part of the project design and construction team. Royal Boskalis Westminster N.V. was selected for the development of approximately 1700 hectares of land for the new airport.
