SAN Miguel Corp. (SMC) president Ramon Ang questioned the proposed P25-billion increased dual carriageway assignment by way of the Ayala and SM organizations.
Ang contested the proposed mission, pronouncing it’d most effective replica San Miguel’s present NAIA Expressway, which connects Pagcor Entertainment City complicated, adjoining to SM’s Mall of Asia (MOA) improvement, to the Skyway gadget.
“They can’t build this task. It will cannibalize our NAIA Expressway for which we paid the authorities an P11-billion top class simply in order to construct that. [If they want to decongest EDSA] then they need to build one on EDSA,” Ang said in an interview over the weekend.
“The proposed Ayala task will affect the extent on NAIA Expressway due to the fact they may be going to duplicate our project and that project has been bidded out and we spent P24 billion [on that] plus interest,” he stated.
The SMC president also rejected the concept of becoming a member of the task as there is already a pending utility with the Department Public Works and Highway (DPWH) and Toll Regulatory Board (TRB) to do this equal venture.
“They are building a skyway from MOA through Buendia, what’s the factor of our constructing the NAIA Expressway? We have applied for a skyway from Buendia all of the manner to Macapagal Avenue. It’s pending at the DPWH-TRB and they’ve received it on March 9, 2017,” he said.
Ang additionally clarified that he talked with Jose Rene Almendras, CEO of Ayala unit AC Infrastructure Holdings, concerning the Ayala concept.
“Ayala called saying I did no longer reply to their name. Then I known as Secretary Almendras and he stated he wanted to construct a skyway from Mall of Asia connecting to my skyway passing through Buendia. I informed him I ought to study his thought and I told him to send me a suggestion because this might compete with our NAIA Express way, which we’ve got paid the authorities an P11- billion top rate. What is the distinction between MOA and Pagcor City? It will simply turn out to be duplicating our efforts totally free,” he stated.
Ang stated he is looking forward to the authorities to intrude. “We don’t need to do whatever. If government approves it then it’ll need to pay us for damages. We will not do anything. We will look ahead to government to do some thing,”
But Ang is confident that the DPWH and TRB will reject the highway suggestion outright because it may be in battle with the prevailing challenge.
But if the authorities need to approve the proposed Ayala-SM highway, San Miguel will must invoke provisions of its own concession settlement—particularly the supply on fabric detrimental authorities movement—that could require the government to compensate SMC.
“Material destructive government action, that is the identical factor utilized by Ayala in MRT [Metro Rail Transit] a good way to collect the money. If they approve some thing that impacts the concession, they may must pay you. The taxpaying public will be inconvenienced,” Ang stated.