SMC to submit unsolicited proposal for $2b flood control project

July 6, 2017

San Miguel Corp. said it will submit to the government an unsolicited proposal to build a $2 billion flood control and waste-to-energy project this month. “I think the technical side has been done. I think, maybe sometime this month we will submit it,” Ramon Ang, president and chief executive of San Miguel Corp. said Tuesday night. Ang had said the proposed project would help reduce flooding in Metro Manila during the rainy season. San Miguel is proposing to build a spillway to facilitate release of water from Laguna de Bay to Manila de Bay. San Miguel will also ask the government the right to use waste materials from Laguna de Bay for its planned power generation facility. San Miguel also proposed to build a P400 billion flood control project with toll road component in Bataan with New San Jose Builders Inc. Under the proposed 50-year concession period, the proponents will implement an integrated infrastructure project in the northern coastline of Manila Bay that involves financing, design and construction of a city flood control in the coastal waters of Navotas City and a coastal sea barrier through the northern part of Manila Bay covering the coastal areas of Bulacan, Pampanga and Bataan. The consortium will also build an expressway that will connect Bataan and Metro Manila and will provide direct access to the provinces of Bulacan and Pampanga. San Miguel signed an agreement with Philippine National Construction Corp. (PNCC) to expand toll roads under their existing joint venture worth P554 billion. The expanded road network will include extension of the Metro Manila Skyway Stage 3 project and the Metro Manila Expressway, or C6/Skyway Stage 4. DMS