San Miguel to present plan for US$10b airport to govt

[MANILA] San Miguel Corp, the Philippines' most diversified conglomerate, is planning to present a proposal to the government soon to build a US$10 billion airport in the capital, its president said yesterday.

Ramon Ang confirmed a Nikkei report that the company was set to present its plan for an alternative international airport in Manila next month.

The group, which owns part of flag carrier Philippine Airlines, announced last year its intention to build a new facility to complement the ageing Ninoy Aquino International Airport (NAIA). It delayed the plan pending questions on state policy on airline companies operating airports.