Corporate News

SMC to hike Caticlan terminal fee in Jan.

Posted on December 23, 2011

SAN MIGUEL CORP. (SMC) will be hiking terminal fees next year at the Caticlan, Aklan airport, which it had renovated into an improved gateway to Boracay island.

PASSENGERS TRANSITING through the airport in Caticlan, Aklan, will have to pay a higher terminal fee worth P200 next year in line with the facility’s privatization. --
Passengers will have to pay P200 instead of the current P20 starting Jan. 15, 2012, according to a Civil Aviation Authority of the Philippines (CAAP) bulletin published yesterday.

Ramon S. Gutierrez, CAAP director-general, said in a text message yesterday the revised terminal fee was put in place “after privatization” of the facility.

TransAire Development Holdings Corp., which San Miguel Holdings Corp. owns 93% of, is the build-operate-transfer concession holder for the development and operation of the airport.

San Miguel, which in June inaugurated the partly completed renovation, allotted some $300 million for the redevelopment of the Caticlan airport and adjacent lots.

The amount is slightly higher than the P12.5-billion investment commitment under the build-rehabilitate-operate-transfer deal with the government, with several commercial developments adjacent to the gateway added to the plan.

The redevelopment of the airport -- the first infrastructure project of San Miguel that is in commercial operations -- is expected to be completed by December 2013. The conglomerate started working on the project late 2010.

The new airport is promised to have a capacity of serving around three million visitors annually from the current 600,000 to 700,000.

San Miguel’s airport improvement plans include a longer and wider runway, nighttime navigational facilities, a big water treatment plant and rainwater collection facilities.

The conglomerate also plans to build a shopping mall, a budget hotel and a convention center to cater to the visitors arriving at the airport.

The island saw a 13.8% increase in the number of arrivals from January to November this year to 811,652 versus 713,000 in the same period in 2010.

Shares of San Miguel closed unchanged at P117 apiece yesterday. -- KAM