In 2013, the All-Asia Resources and Reclamation Corporation (ARRC) — a venture headed by tycoon Henry Sy — commissioned Danish construction firm Rambøll Group A.S. to conduct a feasibility study for the reclamation of 50 hectares off Sangley Point and the development of an airport with two runways and a terminal capable of handling 50 million passengers annually in place of the current air base. This was part of the so-called "Philippines Global Gateway" project proposed by the ARRC to the Philippine government in February 2016. The entire ARRC project involves the construction of an airport and seaport facility, as well as an industrial complex (ecozone), on land reclaimed from Manila Bay off Sangley Point; it is estimated to cost US$50 billion, involving among other things the reclamation of a total of 2,500 hectares of land and the construction of either an underwater tunnel to the SM Mall of Asia complex in Pasay or an extension of the Manila-Cavite Expressway to connect the project to Metro Manila.
