The San Miguel Corp., through the SMC Vertex Tollways Development, Inc. has paid the the government P11-billion for the Ninoy Aquino International Airport (NAIA) Expressway Phase II project, the Palace announced on Wednesday.
The SMC won the bid for the project last April 15, and a formal notice for award was given by the Department of Public Works and Highways (DPWH) to SMC last May 6.
With the payment, the project could start sometime in June, Presidential Spokesman Edwin Lacierda told a press briefing.
The 7.5-kilometer NAIA Expressway will connect NAIA Terminals I and II to Diosdado Macapagal Boulevard and the Entertainment City casino complex. The project has two phases.
Lacierda said Phase II-A will be completed in time for the Asia Pacific Economic Cooperation (APEC) summit in 2015. This will connect NAIA Terminals I and II through an elevated tollway structure to Roxas Boulevard and the Entertainment City, he said.
“Hopefully before APEC, that will be completed. There’s another phase which is II-B, which will connect the Skyway to the existing tollways,” Lacierda said.
The P15.5-billion NAIA Expressway Phase II project is the third public private partnership (PPP) project to be successfully bidded out by the government.