CONGLOMERATE San Miguel Corp. (SMC) is planning to submit an unsolicited proposal today for a P3-billion toll bridge that will connect the tourist destination of Boracay to Caticlan.
“We are going to submit the proposal for the unsolicited offer to build a bridge … tomorrow (today),” SMC President and Chief Operating Officer Ramon Ang said at the sidelines of Top Frontier Investment Holdings, Inc.’s annual shareholders’ meeting on Tuesday.
San Miguel wants to construct a 1.5-kilometer link between Boracay, currently closed to tourists due to pollution problems, and Caticlan — the jumping-off point for boats ferrying visitors to the island.
The P3-billion investment will include the installation of sewage pipes that will bring waste from the island to a treatment
“The proposed bridge will be very viable and it will help keep Boracay clean and beautiful,” Ang said in a mix of English and Filipino.
“Ang recovery period nun matagal din yun, mga 10 to 15 years, but it’s okay (The recovery period will be long, some 10 to 15 years, but it’s okay),” he added.
“The reason why we want to do it is because if we don’t do it, masisira ang Boracay (Boracay will be ruined). Pag nasira ang Boracay, paano natin mare-recover ang Boracay airport na project na nilagay natin doon, di ba? (If Boracay is ruined, how will we recover the Boracay airport project that we have there?)”
San Miguel is the operator of the Boracay Airport in Caticlan.
Ang has said that San Miguel was hopeful of securing approvals from the departments of Public Works and Highways (DPWH) and Environment and Natural Resources (DENR).
“I think Secretaries Roy Cimatu (DENR) and Mark Villar (DPWH) will act on it very quickly,” he said.
Shares of SMC on Tuesday ended down P1.20 to P136.80 apiece.