$500-M new PAL airport

**timrev** · September 21st, 2012 02:05 PM

Originally Posted by shadow

Papasok na rin sila Sa telecommunication by next year...exactl for iPhone 5S...

Sent from my iPad using Tapatalk HD

kung papasukin nila ang telecom ok din yan...magiging 3 players na uli ang maglalaban tutal nag merge na ang suncell & Smart...

sayang dinarin tinuloy ng SMC yun venture nila rail transport (bulletrain)....buti nalang interesado parin sila sa MRT-7

**timrev** · September 25th, 2012 11:14 AM

SA passionate on PAL airport

RSA passionate on PAL airport
DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) Updated September 24, 2012 12:00 AM

“Mark this day in your diary… Sept. 20, 2012… put down there that on this day Ramon Ang told you by this time next year, a new international airport will start to rise.”

That was how San Miguel Big Boss Ramon Ang responded to my question about how serious he is in putting up a new international airport. Over lunch at his office with PhilStar Columnist Cito Beltran, RSA still won’t tell us where exactly his new airport will be. He still has to sign up a few more hectares of land for an airport that promises to be even larger than the current Clark International.

RSA told us that every Filipino will be proud of this new airport. It will have four runways, two exclusively for take offs and two only for landings. The terminal building will be state of the art in ecologically responsible architecture. There will be solar panels and will be so designed to minimize power consumption for air conditioning.

The latest in aviation navigation facilities will be there… the same stuff the government has been hesitating to acquire for NAIA all these years. It will be connected to the Bonifacio and Makati business districts by a 10 lane expressway that will cut travel time to just a maximum of 20 minutes. He could put an express train for another billion dollars, he said, but he doesn’t think it is necessary.

Contrary to earlier reports, RSA said the new airport will serve not just PAL but all other international and domestic carriers including arch rival Cebu Pacific. Once it is up, he promised, Filipinos will no longer feel embarrassed with foreign visitors because the days of having the world’s worse airport will be over.

How would he fund it? That’s not a problem, he insists. He has sounded off a number of sovereign wealth funds in the region and they are just looking for a project such as this. He also promises to deliver it within three years… within the term of P-Noy.

But what about government permits? Wouldn’t that slow him down? I told him that the current CAAP chief isn’t too hot about the idea of a private sector led major airport too close to Clark and NAIA.

RSA doesn’t think government will be in the way. For one thing, the local governments of the town and province will be supportive. Environmental clearance shouldn’t be too difficult, he said, with the panel of experts working on the project. He believes even the President will be very supportive because this dream airport will not entail any government money and will be inaugurated within his watch.

So, I asked him again: do you really think you can pull this off? And the answer is the same, he has no doubts he can pull it off. He explains that he is a dreamer. He doesn’t dwell on problems of the past but moves on to a better world. And he makes it happen.

“No one believed I could pull off what I have so far accomplished but I did,” he declared. He said he doesn’t let his critics and naysayers bog him down. He just goes on to prove them wrong.

I don’t honestly know if RSA can pull off this big project and I have my doubts. But I certainly hope he would succeed. Given that government has proven itself unable to do anything about NAIA and even about Clark all these years, I am ready to support any private sector effort to get the job done. We have nothing to lose anyway, since RSA will not be risking government money.

I hope the President, the new DOTC leadership and private sector leaders will help get this dream airport realized. Maybe just this once, we can hold back on the crab mentality.

And the timing is right… we are flavor of the month among investors or so they say. If the sovereign wealth funds see we have a serious project that is supported by everyone, raising the money should be a breeze.

This may be our last chance to have a respectable airport. If we are going to depend on government, it isn’t going to happen. DOTC can’t even open up Terminal 3 to full use after over a decade of it being a white elephant.

RSA passionate on PAL airport - DEMAND AND SUPPLY By Boo Chanco - The Philippine Star » News » Business

**uls** · September 25th, 2012 12:01 PM

^^^

sure... and he can also put a Filipino on the moon

**rollyic** · September 26th, 2012 12:09 AM

20 minutes to makati and bonifacio....
hindi kaya sa may binangonan rizal yan?

**vinj** · September 26th, 2012 09:43 AM

Originally Posted by rollyic

20 minutes to makati and bonifacio....
hindi kaya sa may binangonan rizal yan?

20 minutes during normal traffic? Baka sa ilalim ng San Miguel Corporate HQ... Yung EDSA and J/. Vargas gagawang ng mega elevated runway.

**timrev** · September 29th, 2012 09:45 AM

PAL key shareholders to borrow $4-5 billion, form company for building new airport

By: Darwin G. Amojelar, InterAksyon.com
September 28, 2012 5:54 PM
MANILA - San Miguel Corporation and the Lucio Tan Group will spend $5-6 billion to develop a new international airport in an undisclosed location, the president of Philippine Airlines said on Friday.

"The airport project is between the two shareholders, San Miguel and the Lucio Tan family. It would cost $5-6 billion, of which you need an equity of at least $1-2 billion," Ramon S. Ang told reporters on the sidelines of PAL Holdings Inc.'s stockholders meeting.

He said the new airport would be located "15 minutes away from EDSA Makati by car [and] not in Bulacan, kasi mabundok doon."

"Hindi ko sasabihin ang totoong lugar, kasi magkakaroon ng speculation. Tataas ang lupa doon," he said.

When asked to confirm a report by CIMB Group that the new international airport would likely be located in Bulacan, Ang however did not categorically deny or confirm the report.

Malaysia's CIMB recently bought part of the San Miguel group’s stake in Bank of Commerce.

The CIMB report said PAL's planned international airport would be about 45 kilometers northwest of Makati City, and closer to Metro Manila than the Clark International Airport, which is 100 kilometers from the business district.

Ang said the two key shareholders of PAL will create a new company to handle the development of the new airport.

"We intend to talk to the government to submit our proposal by January next year. We are now preparing," he said.

The new airport will have four runways and will span 2,000 hectares.

Ang had said the company was in talks with a Korean contractor for the project, construction of which would be completed in three years.

10 more wide-bodied jets

A new airport would fit hand-in-glove with PAL's ongoing refleeting.

Ang said PAL ordered an additional 10 wide-bodied aircraft from Airbus at a cost of $2.5 billion.

"The additional 10 wide-bodied jets was agreed two weeks ago. The list price is about $250 million. So our refleeting now is close to $10 billion already," he said.

Ang said PAL is also in talks for the purchase of another 35 wide-bodied aircraft from Airbus or Boeing.

"These are replacements for our existing aircraft. By replacing our old aircraft to modern wide-bodied jets, we are projecting to save at least 20 percent of our costs," he said.

Earlier, PAL announced a $7 billion deal to acquire 54 planes from Airbus, with delivery to start next year. Ang had said this was part of a plan to acquire 100 planes.

Through wholly owned subsidiary San Miguel Equity Investments Inc., SMC entered into investment agreements with Trustmark Holdings Corporation and Zuma Holdings and Management Corporation to acquire a 49 percent stake in PAL and budget unit Air Philippines Express for $500 million.

Trustmark and Zuma are majority owned by Tan.

http://www.interaksyon.com/business/...ng-new-airport

**timrev** · November 23rd, 2012 11:11 AM

An 'airport' alright, but wrong place – SMC

by Miguel R. Camus, BusinessMirror
Posted at 11/23/2012 9:27 AM

MANILA, Philippines - The latest development on San Miguel Corp.’s (SMC) proposed $6-billion airport may have been announced on Thursday by a listed builder, which marked out what could be the Philippines’s next main air gateway in Cavite province just south of Manila.

The catch: It’s in the wrong place.

SMC, which has kept a tight lid on the airport’s location since it was announced earlier this year, denied also on Thursday a portion of a public disclosure made by property developer Boulevard Holdings Inc. (BHI)

BHI, which is developing the 3,000-hectare Puerto Azul resort in Cavite, gave an update on its search for a partner for Puerto Azul and its prospects moving forward.

The filing included a map of what Metro Manila and nearby provinces would look like “within a decade” with a large landbank straddling the towns of Ternate and Maragondon in Cavite and marked in green and labeled as “San Miguel New Airport City.”

SMC President Ramon S. Ang said that SMC is not building an airport in the location specified by BHI. “Not true,” he said in a text message, without saying where the airport will be located.

SMC later in the afternoon issued a formal statement on BHI’s disclosure.

“We advise the exchange that the company has no transactions with BHI. Neither does the company have an airport project as indicated in the location map incorporated in the disclosure of BHI,” it said.

BHI officials did not return phone calls seeking their comment also on Thursday. Mauro Badiola, the company vice president for finance and designated spokesman, did not immediately respond to an e-mailed request seeking his side.

BHI, which is led by its Chairman and President Jose Panlilio, did not trade also on Thursday as the developer had sought a one-day trading halt because of its disclosure. Its shares last closed at P0.174 each, giving it a market value of P1.47 billion.

There remains much uncertainty on the airport’s location because SMC has never made any disclosure on where it plans to build the facility.

InterAksyon.com ran a report in September saying that the new airport will likely be located in Bulacan. It cited as its source a report by Malaysia’s CIMB Group, which recently acquired a stake in SMC’s Bank of Commerce.

SMC announced plans to build a new airport as an alternative to the existing Ninoy Aquino International Airport in Pasay City as the group seeks to tap opportunities in the country’s underdeveloped transport infrastructure sector.

It owns 49 percent of Philippine Airlines; the rest of the flag carrier is held by tycoon Lucio Tan, who said his group may also invest in the new airport.

SMC has been veering away from its traditional food and drinks businesses and into higher margin sectors such as power and transport infrastructure.