Philippines’ San Miguel secures bank financing for $3 billion airport
MANILA : Philippine conglomerate San Miguel Corp said on Monday it has already secured financing from banks for its 170.6 billion pesos ($3 billion) operation and overhaul of the nation’s important airport.
Banks occupy already dedicated to financing the project, on high of an fairness fragment from the consortium, San Miguel President Ramon Ang suggested newshounds after signing a 15-year concession agreement.
Iklan
In February, San Miguel and partners that consist of South Korea’s Incheon Worldwide Airport Corp, gained the federal government auction for the airport project, beating India’s GMR Airports Consortium and a crew of Philippine tycoons.
Source: Reuters