Unlucky for me, I wasn't able to hear his lecture because it was raining so hard that afternoon till evening, traffic was horrible, I didn't drive and I took the bus. The bus took 1+ hour traversing Ayala Ave alone in Makati to reach Edsa, then another heavy traffic in Edsa. When I arrived at SMC, people were already leaving, Ferdie was still there, we have a short chat, I was served nice dinner, plus San Miguel beer of course.
Ferdie's topic that day was SMC infrastructure. 2019 saw traffic congestion worse than previous years and Ramon S. Ang (RSA), SMC's President and COO already proposed an elevated tollway in Edsa. Really a radical idea considering that Edsa is always full of vehicles and there is an MRT railroad in the middle.
Ferdie said he shared info that they give to their investors, the ppt they cannot send by email to non-investors, ok with me. He sent me the SMC Annual Report 2018. It's old to write now, I checked the Annual Report 2019, it's available, https://www.sanmiguel.com.ph/files/reports/SMCAR_2019_0723A_finalweb.pdf.
This somehow summarizes their biggest infra projects. Skyway stage 3 is very important, it will help decongest Edsa and other roads in Metro Manila because vehicles from the south (Calabarzon, etc) going to the north (Central and Northern Luzon) and vice-versa can just travel at SLEX - NLEX direct.
MRT 7 is also important because it will serve so many passengers from Fairview, QC and bordering municipalities of Bulacan (via Commonwealth Ave., Regalado Ave., etc) down to Manila. Partial operation by 2021.
The SLEX–TR4 from Sto. Tomas, Batangas to Lucena City in
Quezon province.
SMC has other big projects. Foremost is the
They are also building a new passenger terminal in Boracay airport. Plus another radical proposal -- build a bridge from Panay mainland, Malay, Aklan to Boracay island. RSA and Ferdie should be sipping something extraordinary which makes their minds think of really radical, game-changing infra projects -- using private money 100%, no cost to taxpayers.
SMC also into power generation, they are in fact the biggest genco in the country, bigger than Aboitiz, FirstGen, Ayalas, Meralgo Gen (MGen), etc. Their new projects are a new unit of Masinloc Power Plant in Zambales, Battery Energy Storage System project.
Also in water distribution, the Bulacan Bulk Water Supply Project that supplies potable
water to 12 out of 24 Bulacan municipalities.
The other day I saw this report,
SMC investing
P121.8 billion in 2 vital infrastructure projects
Richmond Mercurio (The Philippine Star ) - August 26,
2020 - 12:00am
https://www.philstar.com/business/2020/08/26/2037813/smc-investing-p1218-billion-2-vital-infrastructure-projects
“The two projects are the South Luzon Expressway Tollroad 5 (SLEX-TR5), a 420-kilometer project from Lucena in Quezon to Matnog in Sorsogon, and the Pasig River Expressway, a 19.40-km road project that will connect Metro Manila’s eastern and western sections.
SLEX-TR5 is a P26.38-billion investment in a build-operate-transfer scheme with a concession period of 30 years, while the Pasig River Expressway will require an investment of P95.4 billion under a 30-year BOT scheme.”
I quickly pm’d Ferdie to express my big surprise and
support. SLEX to Matnog, the last town of Luzon island in the south, facing
Samar-Leyte islands. Wow as in wow.
Thank again Ferdie, thanks SMC. Mabuhay kayo.
See also:
UPSEAA lecture 3, Tito Ortiz, July 22, 2019
UPSEAA lecture 4, Johanna Chua, August 4, 2019
UPSEAA lecture 5, Iggy Sison and Del Monte pineapple farming, March 01, 2020.
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