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Showing posts with label Diosdado Macapagal International Airport. Show all posts
Showing posts with label Diosdado Macapagal International Airport. Show all posts

Thursday, February 14, 2013

Stock News 2013: Clark International Airport as Asia’s next ‘aerotropolis’

English: Night-time balloon display during the...
English: Night-time balloon display during the Hot Air Balloon Fiesta at Clark, Pampanga (Photo credit: Wikipedia)

With the world’s economic center of gravity rapidly moving eastward, there is increasing urgency to develop Clark International Airport into an aviation hub, and this is the focus of a two-day conference to be held this month at the Clark Freeport Zone in Pampanga.

“The Case for Asia’s Next Aerotropolis” is the theme of the Clark Aviation Conference 2013, a trade gathering that will examine Clark’s compelling case as an aerotropolis, an idea in community planning where airports serve as the center for new cities growing around them.

The conference, being organized by Clark International Airport Corp (CIAC) in partnership with Global Gateway Logistics City, takes place Feb. 21-22, 2013, at the Widus Convention Center in Clark Freeport Zone. It coincides with the annual Hot Air Balloon Fiesta.

“The event will highlight Clark International Airport’s critical role in easing air traffic congestion in Manila and driving economic expansion in Central Luzon. It will also identify infrastructure and policy developments at Clark Freeport Zone that are designed to attract airport-related businesses and investments,” said CIAC president and CEO Victor Jose Luciano.

“More importantly, the conference is a call for the full development of Clark International Airport as an aviation nerve center in the light of the economic growth in Asia.”

Heads of government agencies—including Tourism Secretary Ramon Jimenez, Bases Conversion and Development Authority president Atty. Arnel Casanova and Trade Assistant Secretary Fe Agoncillo-Reyes—and private-sector representatives will look at Clark’s prospects as an aviation and investment destination in Asia, even as they examine pressing aviation and tourism concerns and propose sustainable and long-term solutions.

http://business.inquirer.net/107043/clark-international-airport-as-asias-next-aerotropolis

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Wednesday, July 25, 2012

Stock News 2012: Tan's MacroAsia has P1 billion to invest in airport-related projects

The departure hall of Mactan Cebu Internationa...The departure hall of Mactan Cebu International Airport on Mactan Island. (Photo credit: Wikipedia)
With over a P1 billion in cash, taipan Lucio Tan-led MacroAsia Corp. is on investment mode with plans to bid for aviation and airport-related projects under the government’s Public Private Partnership program as well as expand its operations overseas through partnerships.

At the same time, MacroAsia is keen on acquiring more mining assets, reviving its proposal to build a world-class cargo terminal and securing additional bulk water distribution contracts.

MacroAsia president and chief executive officer Joseph Chua said the company is eyeing investment opportunities in the country’s major airports which include the Laguindingan International Airport in Cagayan De Oro, the Mactan-Cebu International Airport, and Diosdado Macapagal International Airport.

He said the company’s interests range from airport operations and maintenance, airport development, airport cargo terminal, and aviation fuel farm.

The company’s diversification move is aimed at boosting its cashflow and enhancing shareholder value, Chua noted.

MacroAsia director Lucio K. Tan said the company is looking to expand its aviation services beyond the Philippines.

Chua said foreign players in the aviation services sector have already taken note of the Filipino talent and competency in the industry, pointing out that the company has received offers to consider opportunities for collaboration abroad.

Last June, the group signed an in-flight catering venture with a Qatar firm.  Under the deal, MacroAsia will own 44 percent of the joint venture firm but with management control.  It will infuse an initial P12 million into the venture.

MacroAsia is also looking to expand its presence in Cebu with plans to build MRO (maintenance repair and overhaul) facilities for narrow-body aircraft. “We are currently waiting for final approval from National Government authorities so we can pursue this project futher,” Chua said.

Aside from this, MacroAsia is pushing for the construction of a cargo processing terminal to make the Philippines at par with global standards. The original proposal submitted to the Manila International Airport Authority during the Ramos Administration, was supposed to more than double the capacity of the existing cargo terminal.

The company is also considering venturing into gold mining and has its eyes on two sites.  One is in the exploratory stage, Chua said.


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Tuesday, May 8, 2012

Stock News 2012: MPIC open to partnership with SMC-Citra

Aerial View approaching Dau Barrier, NLExAerial View approaching Dau Barrier, NLEx (Photo credit: Wikipedia)
Metro Pacific Investments Corp. (MPIC) said it is open to the possibility of teaming up with the San Miguel Corp.-backed Citra Metro Manila Tollways Corp. (CMMTC) in the construction of a toll road that will connect North Luzon Expressway (NLEX) and South Luzon Expressway (SLEX).

In an interview, MPIC chairman Manuel V. Pangilinan said that while the government is inclined towards approving the respective toll road projects proposed by MPIC and SMC-CMMTC, “we are open to partnership.”

But he emphasized that the possibility of a partnership has never been discussed with SMC nor brought up in any of the meetings with the government. “But if brought up, we are open to it,” he said.

In an interview with The STAR, Metro Pacific Tollways Corp. (MPTC) president Ramoncito Fernandez said their proposed connector road project is currently on hold and is awaiting a “formal go or no objection” from the Department of Transportation and Communications (DOTC). MPTC is the toll road subsidiary of MPIC.

The Department of Public Works and Highways (DPWH) has accepted the unsolicited proposal submitted two years ago by Metro Pacific Tollways Development Corp. (MPTDC), a wholly-owned subsidiary of MPTC, to construct, manage, and operate the P17-billion connector road project.

The connector road project involves the construction of a 13.2-kilometer elevated road linking NLEX to SLEX.

MPTC said the road will run along the Philippine National Railway (PNR) tracks within Manila’s central business district, from the end of NLEX at C3 to the beginning of Skyway 1 at Buendia.

The DOTC earlier announced plans for a new high-speed rail project in place of the suspended NorthRail linking the Ninoy Aquino International Airport (NAIA) and the Diosdado Macapagal International Airport (DMIA)in clark The project would cost about $2 billion, DOTC Secretary Mar Roxas said.

Roxas said the exact amount is uncertain in the absence of a detailed engineering design but the Chinese government said it is open to funding this.

He revealed that talks between the Philippine and Chinese governments have been continuing since Chinese officials informed the government last year that it could provide bigger funding for a high-speed rail.

For his part, Fernandez said the express train can co-exist with MPTC’s expressway and that they can be put on the same alignment.

The plan is to finish negotiations with the DPWH on the specifications of the road project after which a “Swiss challenge” will be conducted. It is only after MPTC successfully hurdles the Swiss challenge that the company can proceed with the project.

Fernandez also stressed that if they start now, they can finish the connector road project in two-and-half years’ time.

Earlier, CMMTC said it supports a plan for government to allow the construction of two major tollways connecting NLEX and SLEX.

“Having two major tollways linking the North and South will indeed be very beneficial to the public. Not only will we decongest EDSA, we will also hasten the flow of traffic and commerce between North and South,” CMMTC president Shadik Wahono said

“San Miguel Holdings - Citra Skyway 3 project and the ‘connector’ road of Pangilinan’s Metro Pacific Tollways Corp. (MPTC) will cater to different markets and therefore, serve different purposes, he added.

Citra’s proposed North-South link, a 14-kilometer, six-lane tollway with exits in Quirino in Manila and Plaza Dilao, Aurora Blvd., E. Rodriguez Ave., Quezon Blvd., Sgt. Rivera, and Balintawak in Quezon City, is seen to greatly decongest EDSA. MPTC’s connector road, on the other hand, will have four lanes and three exits in Quirino, Espana, and 5th Ave.

“We don’t mind if the government will allow both Citra and MPTC to undertake their projects. The more that the roads complement each other, the better the traffic throughput would be,” he said.

This was also the position that the San Miguel Holdings - Citra consortium adopted when it announced late last year that it was prepared to spend $1.5 billion for infrastructure acquisitions and development in the country for 2012.

http://www.philstar.com/Article.aspx?articleId=805307&publicationSubCategoryId=66

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Friday, September 17, 2010

Stock News 2010: Public-private partnership projects to cost nearly P740 billion

Picture of DMIA taken last Oct 19, 2001Image via Wikipedia
THE AQUINO administration on Friday unveiled the broad outlines of its plan to mount infrastructure projects through so-called private-public partnerships (PPPs), estimating an initial tally of around 80 projects that will cost nearly P740 billion.

Mr. Paderanga bared a "short list" of 10 projects that will be ready for rollout or tender next year, with an estimated investment requirement of P127.8 billion:

  1. extension of the Light Rail Transit (LRT) Line 1 to Bacoor, Cavite (P70 billion);
  2. extension of the LRT Line 2 to Masinag Junction in Antipolo (P11.299 billion);
  3. a new airport in Bohol (P7.543 billion);
  4. a "city terminal" for the Diosdado Macapagal International Airport in Pampanga (cost to be determined);
  5. privatization of the operation and maintenance contract of the Laguindingan airport in Misamis Oriental (cost to be determined);
  6. a new airport in Puerto Princesa (P4.362 billion);
  7. an expressway connecting the North and South Luzon tollways (P21 billion);
  8. the Cavite-Laguna Expressway (P10.5 billion);
  9. supply of treated bulk water for Metro Manila (cost to be determined); and
  10. a new airport in Daraga, Albay.


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