- | The groundbreaking for the P735B NAIA in Bulacan was put on hold due to issues |
- | Concerns about the project were raised by Finance Secretary Carlos Dominguez III |
- | $SMC said Transportation Sec Tugade received a letter stating the concerns raised on project’s contract |
| $SMC set back |
This month’s groundbreaking for the P735-billion New Manila International Airport in Bulakan, Bulacan was put on hold due to issues regarding the contract, proponent San Miguel Corp.’s (SMC) chief said over the weekend.
The MAGA clause entitles the private sector project proponent to compensation from the government in case of material adverse government action during the operation and maintenance of the concession and the proponent incurs additional costs or revenue loss.
December 4, 2019 9:43 am