DALLAS, Oct. 3, 2019 /PRNewswire/ -- Jacobs (NYSE:JEC) has been selected by San Miguel Corporation (SMC) as program management consultant for the New Manila International Airport (NMIA) project in Bulacan, the Philippines.
One of the largest and most ambitious infrastructure projects in the country, the entire development includes construction of a new terminal, four runways and airport support facilities spread out over almost 6,200 acres (2,500 hectares) in the province of Bulacan. When complete, the airport will accommodate up to 100 million passengers per year and will significantly ease passenger and air traffic congestion at Manila's existing Ninoy Aquino International Airport. SMC is investing approximately $14 billion USD (PHP 734 billion) into the project with the first phase to be operational within six years.
"This is a transformative project for the people of the Philippines, boosting employment opportunities and unlocking trade and tourism potential in the region," said Jacobs Buildings and Infrastructure Asia Pacific and Middle East Senior Vice President and General Manager Patrick Hill. "Our appointment is an opportunity to leverage our significant aviation design and program management experience to deliver a sustainable and world-class aviation hub that supports the Philippines' growth aspirations long into the future."
Program management services to be delivered by Jacobs during planning, design and construction phases include project scoping and management, contract development, strategic advisory, design management and scheduling and financial planning.
"The Philippines is changing," said San Miguel Corporation President and Chief Operating Officer Ramon S. Ang. "Our economy and our aspirations for the future are growing. The new airport hub will provide more and better livelihood opportunities for our people."
Jacobs leads the global professional services sector providing solutions for a more connected, sustainable world. With approximately $12 billion in revenue and a talent force of more than 50,000, Jacobs provides a full spectrum of services including scientific, technical, professional and construction- and program-management for business, industrial, commercial, government and infrastructure sectors. For more information, visit www.jacobs.com, and connect with Jacobs on LinkedIn, Twitter, Facebook and Instagram.
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements see our Annual Report on Form 10-K for the year ended September 28, 2018, and in particular the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations, and our Quarterly Report on Form 10-Q for the quarter ended March 29, 2019, and in particular the discussions contained under Part I, Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Part II, Item 1 - Legal Proceedings; and Part II, Item 1A - Risk Factors, as well as the Company's other filings with the Securities and Exchange Commission. The Company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
For press/media inquiries: