Today the Dutch State, represented by Atradius Dutch State Business (DSB), has decided to support the largest project in the history of Boskalis with an export credit insurance (ECI).
At the end of 2020, Boskalis won a contract for the land development of the new Manila International Airport with a contract value of more than 1.5 billion euros. Since then, Boskalis has worked with the client, a subsidiary of one of the largest and most progressive corporations in the Philippines (San Miguel Corporation), to make land development possible using the credit insurance program in the Philippines. Dutch state export.
As part of the ECI process, Boskalis has carried out a thorough environmental and social impact assessment in accordance with the highest international standards. This was done in conjunction with a large group of experts from his own organization, the client and four renowned consulting firms.
In addition, in-depth impact analyzes have been carried out and compensation plans have been drawn up to mitigate or compensate for the negative effects.
Pierre Berdowski, CEO of Boskalis: “I am very happy that all the hard work with a great team of experts has come to fruition today. For more than a year, we have been working intensively with Atradius DSB to ensure that the construction of the new airport will take place in a socially responsible way. Together with Atradius DSB and the Dutch Embassy, we managed to develop a widely supported plan taking into account the local community and the preservation of biodiversity. I would like to thank everyone involved for their contribution to the positive decision of the State.
Bert Bruning, Managing Director of Atradius DSB: “This project is unique on several levels. First, of course, as a very important contract for our client Boskalis, but also for us as the most important ECA policy in our 90-year history. Furthermore, I am proud of the fact that together with Boskalis and San Miguel, by continuing the dialogue, we were able to guarantee that the project meets international standards in the field of environmental and social conditions. In doing so, we not only helped make this wonderful contract possible, but we also made a real difference together for local communities and nature.
The new Manila International Airport will be located approximately 20 kilometers north of downtown Manila. The new airport site will comprise approximately 1,700 hectares and construction will be carried out to the highest engineering and environmental standards to withstand the effects of potential major earthquakes, local typhoons and future sea level rise. .