SAN Miguel Corp. (SMC) has tapped Megawide Construction Corp. to build a new passenger terminal building at the Caticlan airport, the gateway to the tourist destination of Boracay island.
The airport is owned and operated by Trans Aire Development Holdings Corp., a subsidiary of SMC Infrastructure.
“This will be another exciting opportunity for Megawide to be able to work with one of the country’s largest and oldest conglomerates, San Miguel Corporation (SMC), and help realize its vision of a world-class facility at Caticlan Airport,” said Edgar Saavedra, chief executive and chairman of Megawide.
“We hope to impart our engineering excellence and be able to integrate our sustainable methodologies to this landmark development,” he added.
SMC, through SMC Infrastructure, is developing major airports in the Philippines, including the Godofredo P. Ramos Airport in Aklan province, more popularly known as Caticlan airport.
The conglomerate is also undertaking the development of the New Manila International Airport in Bulakan, Bulacan, as well as the rehabilitation of the Ninoy Aquino International Airport in Manila.
“Our search for a partner-contractor who shares our vision of modernizing airports in the country has concluded with our partnership with Megawide,” said Ramon S. Ang, chairman and chief executive officer of SMC.
“We believe that Megawide’s track record of building key infrastructure through efficient and sustainable practices will help us deliver a world-class facility within our committed deadline,” he added.
Ang has said that SMC Infrastructure planned to complete the new Caticlan passenger terminal in “less than three years to welcome more tourists to Boracay and other nearby destinations.”
Ground-breaking for the new terminal is scheduled for next month or before the year ends.
Megawide, known for its vertically integrated engineering, procurement, and construction operations that is complemented by a precast and construction solutions business, is expected to provide efficiency and environmentally-friendly processes throughout the development.
Megawide shares on Thursday rose by 2.06 percent to P2.48 each while SMC stocks were unchanged at P88 apiece, bucking a 0.98-percent downturn for the benchmark Philippine Stock Exchange index. WITH A REPORT FROM EARL JOHN ALFARO
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