SMC goes big on infrastructure: RSA vows to invest massively in roads, airport, public transit, power
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SMC goes big on infrastructure: RSA vows to invest massively in roads, airport, public transit, power

Upgrading key infrastructure will drive competitiveness, boost trade and promote economic growth.

And bilyonaryo Ramon S. Ang has made it very clear that this is a major priority of conglomerate San Miguel Corp. as he vowed to improve the quality of life of Filipinos and make the country more inclusive, environmentally resilient and industrially competitive.

Ang, president of SMC, said the conglomerate remains focused on building up its businesses in the Philippines to support the country’s growth and development.

He said SMC would continue with its aggressive expansion as it pursues massive game-changing projects that will help bring the Philippines to new levels of growth that is sustainable.

“More than just building infrastructure, it is about creating better opportunities for more Filipinos while ensuring that future generations will still benefit from the natural resources we enjoy today,” Ang said during the SMC’s annual stockholders meeting Tuesday.

These projects include the New Manila International Airport, which is envisioned to be the country’s largest and most modern international gateway, and the Mass Rail Transit 7 project which will connect Metro Manila and Quezon City to Bulacan.

SMC has also started work on the South Luzon Expressway TR4 project which will extend the South Luzon Expressway (SLEX) from Sto. Tomas, Batangas to Lucena, Quezon.

Another project is SLEX TR5 which spans from Lucena all the way to Matnog, Sorsogon in the Bicol Region.

SMC is also building 31 new battery energy storage system facilities nationwide to ensure stable and reliable electrification to more provinces nationwide. This is also seen to complement its planned additional investments in renewable energy.

“SMC is investing in new baseload capacities utilizing natural gas to ensure the growing power needs of a developing economy are met over the long term,” Ang said.

“Multi-modal transportation options are likewise key to unlocking our country’s true economic potential. They will play a significant role in bringing us closer to developed nation status. Our infrastructure projects, – airport mass rail expressway – will eliminate congestion and inefficiencies that cost our people and economy billions in losses every day,” he noted.

 

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