In February 2017, San Miguel Corporation proposed the construction of an airport with two parallel runways under a BOT scheme. The National Economic and Development Authority (NEDA) Board approved the unsolicited proposal on April 26, 2018SMC's airport proposal, 7 other projects get NEDA Board approval and negotiation report on the Concession Agreement (CA) on December 21, 2018. Under the approved terms, the concession agreement includes a no government guarantee or any form of subsidy from the state.NEDA Board approves negotiation report on P735-B Bulacan airport
