Sam Miguel
Corporation(SMC) is spreading its wings, diversifying in different businesses
in the country.
SMC will be
spending P10 billion for a planned bus and food terminal on the former site of
the old Pandacan oil depot in Manila.
In its disclosure
to the Philippine Stock Exchange, SMC would submit an unsolicited proposal to
the Department of Transportation for the bus terminal on the NLEX-SLEX
Connector Road that will allow provincial buses and UV Express vans to drop off
passengers to decongest traffic on Epifanio De Los Santos (EDSA).
 |
| San Miguel Corporation's Ramon Ang (photo credit to Esquire) |
Ramon Ang, SMC President and
Chief Operating Officer
As per there
disclosure with the PSE, SMC has designated December 2019 as the expected date
of the terminal.
“’Di na kayo sasakay kung saan-saan, pwede na kayo
dumeretso ng Manila
bypassing EDSA Skyway 3… Tapos meron ako lugar bababaan ng lahat bus (You can go straight to
Manila, bypassing EDSA on the Skyway 3… Then I will have an area where all the
buses can unload passengers),” Businessworld quoted Ang.
Ang explains that
the proposed terminals will be able to accommodate 1,000 buses “at any time.”
"(The terminals will be) over
the connector road… ’Yung bus ’di na kailangan saan-saan pumunta, may bababaan na (The
buses do not have to go anywhere, they can unload passengers there). We will
provide them access to a loading and unloading area," Ang added.
SMC, through its
unit Citra Central Expressway Corp., is also the company behind the Skyway
Stage 3.
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