Your daily dose of updates from Pinoys in Taiwan and Philippines

Singapore and South Korea battles in several airport project ventures in the Philippines

Philippines is now a huge market of the two of Asia's top airport operators which are poised to go head to head as several new projects in emerging countries open up, reported by Nikkei Asian Review.

South Korea's Incheon International Airport Corp is now considered the leading partner of San Miguel Corp on the planned New Manila International Airport which will stand in Bulacan.

"We want to add more 'second Incheons' around the world," including in the Philippines, an Incheon executive said.

SMC already secured government approval for the 735 billion peso project as SMC President Ramon Ang has called it a "game-changer" for the Philippines' economy and industry.

Singapore's Changi International Airport, the best airport in the world has already made inroads into Manila as conglomerates plans to invest 102 billion pesos to expand Ninoy Aquino International Airport.

The Singapore-based company also is involved in the private-sector venture that took over operation of Clark International Airport.

"Together with our partners and with the support of key stakeholders, we will develop Clark as the region's premier gateway," Changi Airports International CEO Lim Liang Song said.


No comments:

Post a Comment

Popular Posts

Blog Archive