MVP to invest in new DMIA terminal, railway

    CLARK FREEPORT – A new world-class passenger terminal at the Diosdado Macapagal International Airport (DMIA) here and a high-speed railway linking the airport to Metro Manila are among the plans laid out by Kapampangan businessman Manuel Pangilinan.

    Clark International Airport Corp. (CIAC) president and chief executive officer Victor Jose Luciano said at a recent press conference here that Pangilinan’s Metro Pacific Investments Corp. has already linked up with San Miguel Corp. in a bid to construct a new modern Terminal 2 building at the DMIA, estimated to cost some $150 million.

    On the other hand, reelected Vice Gov. Joseller Guiao reported to the Pampanga Chamber of Commerce and Industry (Pamcham) that he, other incoming provincial officials led by governor-elect Lilia Pineda and outgoing Pres. Arroyo, met recently with Pangilinan who bared to them plans to construct a new high-speed railway to connect DMIA and Metro Manila.

    He noted that “he (Pangilinan) is investing heavily in Pampanga for he is himself a Kapampangan with roots from Apalit.”

    “The plan is to construct the new railways between the lanes of the North Luzon expressway. The proposal to construct it parallel to the railway now being done by the North Luzon Railways Corp. was scrapped because the latter’s path is already too narrow to accommodate another track,” Guiao said.

    Guiao also said Pangilinan’s investment in the railways is expected to be forged through his Landco Pacific Corporation (Landco).

    Earlier, CIAC officials announced that its joint venture special committee (JVSC) had favored Philco Aero Inc. for “detailed negotiations” for the Terminal 2 project. Later, SMC was reported to have bought into Philco Aero, Inc. to own up 60 percent shares.

    Luciano said that Pangilinan’s teaming up with SMC had already been confirmed, although details on this were not immediately available.

    CIAC’s apparent favoring Philco Aero, Inc., however, has prompted a  Malaysian consortium  to appeal to incoming Pres. Aquino to “take a second hard look” at  its offer to construct Terminal 2, as it insisted it has made the “most feasible and workable”  $150-million offer.

    Willian Chee of Malaysia-based Bristeel Overseas Ventures, Inc. (Bristeel) appealed to the Aquino administration to “take a second hard look at our $150-million proposal and at our track record and experience to finance and complete the project.”

    CIAC officials who asked not to be quoted said, however, that the entry of Pangilinan in the proposed Terminal 2 project has further boosted the qualification of Philco Aero Inc.

    Pangilinan is the chief executive officer and managing director of the First Pacific Group where he holds the positions of President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia.  He also serves as Chairman of Maynilad Water Services, Inc., Metro Pacific Tollways Corporation, Medical Doctors, Inc., Metro Pacific Investments Corporation, Landco Pacific Corporation, Pilipino Telephone Corporation, and Smart Communications, Inc.


    Please enter your comment!
    Please enter your name here