Sunday, October 30, 2016

Proposed 960 Billion Airport and Seaport in Sangley Point

We overheard that Billionaire Henry Sy is joining a group that is pursuing a plan to build an airport near manila.

Belle Corp is joined by All Asia Resources and Reclamation Corp and China Communications Corp is also set to take part.

Its a big project.  All Asia plans to reclaim 2500 hectares, near Sangley Point, which is South of Manila.

The proposal is now being reviewed by National Economic Development Authority. Building of a new Port and special economic zones will ease traffic in Manila.

The airport will help because it is used by approximately  40,000 vehicles a day.

Source: bloomberg


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