Wednesday, March 17, 2010

Caticlan proponent says ‘no deal’ yet

THE PROPONENT of the P2.5-billion Boracay airport modernization project has yet to forge deals with any party, including conglomerate San Miguel Corp., an executive said yesterday.

“No agreement with anyone,” George T. Yang, chairman of Caticlan International Airport Development Corp., said in a mobile “text” message.

In a disclosure, San Miguel said it was “in talks with the consortium led by Mr. George T. Yang for the acquisition of up to 51% equity interest.”

The government signed a 25-year concession agreement with Mr. Yang’s conglomerate last year.

No comments:

Post a Comment