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MPIC chief Pangilinan again says he’s interested in Sangley airport

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Jekki Pascual, ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="An artist" s="" rendition="" of="" the="" canceled="" proposal="" for="" upgrade="" Sangley="" Point="" International="" Airport.="" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2020/sports/02/15/20160415-proposed-sangley-point-international-airport.jpg"/><figcaption>An artist&#x27;s rendition of the canceled proposal for the upgrade of the Sangley Point International Airport. <em>Handout</em></figcaption></figure></div><p>MANILA - Metro Pacific Investments Corp chairman and CEO Manny Pangilinan on Wednesday said he is “personally” interested in the Sangley airport. </p><p>During the release of MPIC’s first half results, Pangilinan said Sangley was “a good collateral project for NAIA.” </p><p>“I think the runway is capable of being fixed and expanded. It&#x27;s a parallel runway to NAIA. In the long run, it could be a replacement airport for NAIA,&quot; said Pangilinan.</p><p>This was not the first time, MPIC expressed <a href="https://news.abs-cbn.com/business/10/30/19/metro-pacific-confirms-interest-in-sangley-airport">interest </a>in the Sangley airport project. In 2019, MPIC also said Sangley could help decongest NAIA.</p><p>A planned upgrade of Sangley by a consortium made up of a Chinese company and Lucio Tan&#x27;s Marcoasia was scrapped last year by the Cavite provincial government. </p><p>The Cavite LGU said it <a href="https://news.abs-cbn.com/business/01/27/21/cavite-cancels-award-for-china-communications-10-b-sangley-airport-project">canceled </a>its award for the planned $10 billion airport saying the consortium which won the deal showed that it wasn’t fully committed to the project.</p><p>Pangilinan’s comment meanwhile comes almost 2 years after the government also <a href="https://news.abs-cbn.com/business/07/13/20/govt-terminating-naia-consortium-rehab-proposal-ayala-corp">scrapped </a>a deal with a consortium of the country’s biggest conglomerates to rehabilitate NAIA. MPIC was among the members of the so-called super consortium. </p><p>Meanwhile, MPIC said its net income this year may approach its pre-pandemic performance after COVID-19 restrictions were eased. </p><p>For the first half of the year, core net income rose by 24 percent to P7.5 billion, the company said. </p><p>Pangilinan said the company may approach the P15-billion mark for 2022, which is close to its 2019 net income of P15.6 billion. </p><p>Several units of the conglomerate reported double-digit growth in income. </p><p>Meralco&#x27;s net income is up by 15 percent to P13.1 billion, while Metro Pacific Tollways Corporation&#x27;s net income also jumped by 33 percent to P2.5 billion driven by higher toll road traffic. </p><p>Pangilinan said the conglomerate plans to further expand businesses and investments this year. </p><p>However, the company is not interested in investing more in railways after its subsidiary which operated the LRT-1reported a core net loss of P329 million. </p><p>&quot;Probably not too much interest in rails given the experience in LRT-1,&quot;</p><p>LIght Rail Manila Corp, which operates LRT-1 has been asking for a <a href="https://news.abs-cbn.com/business/10/06/15/operating-maintaining-lrt-struggle-says-lrmc">fare increase</a> for several years now, but the government has not granted this.</p><p>Meralco, meanwhile, is eyeing nuclear energy as part of its power supply mix. Meralco President Ray Espinosa said they are looking into the commercial nuclear option.</p><p>&quot;We are seriously studying the various technologies developing today, especially in the area of small nuclear reactors which I think is best suited for the country rather the conventional monolithic type of nuclear powerplant,&quot; Espinosa said.</p><p>MPIC has recently acquired additional Meralco shares for P7.8 billion equivalent to 2 percent of issued capital stock. This brought MPIC&#x27;s effective ownership in Meralco to 47.46 percent.</p><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2155910" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div><div> </div>

Metro Pacific Investments Corp chairman and CEO Manny Pangilinan on Wednesday said he is “personally” interested in the Sangley airport. 

MPIC chief Pangilinan again says he’s interested in Sangley airport

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MPIC chief Pangilinan again says he’s interested in Sangley airport

Jekki Pascual,

ABS-CBN News

Published Aug 03, 2022 08:24 PM PHT

Read More:

MPIC

Metro Pacific Investments Corp

Manny Pangilinan

Sangley airport

Cavite

NAIA

infrastructure

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