{"id":5457,"date":"2024-11-28T17:20:29","date_gmt":"2024-11-28T16:20:29","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5457"},"modified":"2024-11-28T17:20:29","modified_gmt":"2024-11-28T16:20:29","slug":"megawide-partners-with-smc-for-boracay-airport-terminal-development","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/28\/megawide-partners-with-smc-for-boracay-airport-terminal-development\/","title":{"rendered":"Megawide Partners with SMC for Boracay Airport Terminal Development"},"content":{"rendered":"\n<p class=\"p2\"><span class=\"s1\">SAN MIGUEL engages Megawide to develop and construct passenger terminal building at Boracay airport.<\/span><\/p>\n<p class=\"p3\">San Miguel Corp. (SMC) has engaged the Saavedra-led Megawide Construction Corp. to design and build a passenger terminal building at Godofredo P. Ramos Airport in Caticlan.<\/p>\n<p class=\"p3\"><span class=\"s2\">In a regulatory announcement on Thursday, Megawide revealed that it has obtained the contract for the terminal building project at the Boracay airport, which is managed by Trans Aire Development Holdings Corp., a subsidiary of SMC Infrastructure.<\/span><\/p>\n<p class=\"p3\">\u201cThis represents another thrilling opportunity for Megawide \u2014 to collaborate with one of the nation\u2019s largest and most established conglomerates, SMC, and contribute to realizing its vision of a state-of-the-art facility at the Caticlan airport,\u201d stated Megawide Chairman and Chief Executive Officer (CEO) Edgar B. Saavedra to the stock market.<\/p>\n<p class=\"p3\"><span class=\"s2\">SMC, via its infrastructure division, is overseeing the enhancement of Godofredo P. Ramos Airport, commonly referred to as the Boracay airport.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">\u201cOur search for a partner-contractor who aligns with our vision of modernizing airports across the nation has concluded with our collaboration with Megawide,\u201d remarked SMC Chairman and CEO Ramon S. Ang.<\/span><\/p>\n<p class=\"p3\">Megawide announced that the groundbreaking for the new terminal is slated for December.<\/p>\n<p class=\"p3\"><span class=\"s1\">Mr. Ang previously indicated that the construction of the new passenger terminal building could take up to three years for completion.<\/span><\/p>\n<p class=\"p3\">San Miguel aims to construct a passenger terminal building with a capacity for seven million passengers, featuring eight passenger boarding bridges.<\/p>\n<p class=\"p3\">\u201cWe believe that Megawide\u2019s proven history of constructing vital infrastructure through effective and sustainable methods will assist us in delivering a world-class facility within our promised timeline,\u201d Mr. Ang noted.<\/p>\n<p class=\"p3\"><span class=\"s1\">Megawide, along with its partner GMR Airports International BV, developed Mactan-Cebu International Airport (MCIA).<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Since then, Megawide has divested its interest in MCIA, enabling Aboitiz InfraCapital, Inc. to take complete control of the Mactan-Cebu airport.<\/span><\/p>\n<p class=\"p3\"><span class=\"s1\">Additionally, Megawide is also among the developers of the passenger terminal building of Clark International Airport, which is presently operated and managed by Luzon International Premiere Airport Development (LIPAD) Corp.<\/span><\/p>\n<p class=\"p3\"><span class=\"s2\">San Miguel is also pursuing the development of the P740-billion Bulacan International Airport or the New Manila International Airport (NMIA), which it anticipates will commence development work next year.<\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">The company also spearheads the New NAIA Infra Corp., which took over the operations and maintenance of the nation\u2019s main gateway in September this year. <b>\u2014 Ashley Erika O. Jose<\/b><\/span><\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bworldonline.com\/corporate\/2024\/11\/29\/638208\/smc-taps-megawide-for-boracay-airport-terminal\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAN MIGUEL engages Megawide to develop and construct passenger terminal building at Boracay airport. San Miguel Corp. (SMC) has engaged the Saavedra-led Megawide Construction Corp. to design and build a passenger terminal building at Godofredo P. Ramos Airport in Caticlan. In a regulatory announcement on Thursday, Megawide revealed that it has obtained the contract for<\/p>\n","protected":false},"author":3,"featured_media":5458,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[211],"class_list":{"0":"post-5457","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-and-markets","8":"tag-return-a-list-of-comma-separated-tags-from-this-title-smc-taps-megawide-for-boracay-airport-terminal"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Megawide Partners with SMC for Boracay Airport Terminal Development - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2024\/11\/28\/megawide-partners-with-smc-for-boracay-airport-terminal-development\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Megawide Partners with SMC for Boracay Airport Terminal Development - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"SAN MIGUEL engages Megawide to develop and construct passenger terminal building at Boracay airport. 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