Philippines' San Miguel secures bank financing for US$3bil airport


ang

MANILA: Philippine conglomerate San Miguel Corp said on Monday (March 18) it has already secured financing from banks for its 170.6 billion pesos (US$3 billion) operation and overhaul of the country's main airport.

Banks have already committed to financing the project, on top of an equity share from the consortium, San Miguel President Ramon Ang (pic) told reporters after signing a 15-year concession agreement.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Philippines , San Miguel , airport , financing

Next In Aseanplus News

Fujian aquaculture model offers lessons for Cambodia, Asean
Singapore bus commuters playing music loudly, putting feet on seats face fines of up to S$500 from Sept 23
Thailand healthcare reform: State funding nears breaking point
Giant hand sculpture in Incheon, South Korea, draws complaints for looking ‘offensive’
Rexy wants shuttlers to adopt 'never-say-die' spirit against Indonesia
Do not negotiate collaboration for state election on social media, says Ab Rauf
Sixty artistes set to perform at 14-hour music festival in Ho Chi Minh City
'I live in fear': 1.5 million Pakistani children sexually exploited online
S. Korea troops among three injured in DMZ blast: Yonhap TV
Thunderstorms to bring heavy rain, strong winds to Metro Manila, Luzon

Others Also Read