Caticlan airport project, gateway to Boracay
March 20, 2010 · Print This Article
The San Miguel Corp. has recently announced that their airport development project in Caticlan is on going. This project will not only modernize the Caticlan airport, the gateway to the countrys world-famous beach spot Boracay Island in The Phillipines but also make their travel fast and easy. This will make the entire tourist across the world and of the people from the Philippines that relieve they need if they are going to Boracay Island Philipiines.
The sources from Inquirer stated that the San Miguel Corp. has been filed their approval for the collaboration and become strategic partner led by Chinese-Filipino businessman George Yang. Who have the 25-year concession arrangement with the government to develop the Caticlan airport.
Both representatives of the two major resources will have to sign an agreement the San Miguel Corp. is looking forward to close the deal and buy a 51-percent interest in Yang-led Caticlan International Airport Development Corp. (CIADC). His partnership deals and the much awaited project will soon take place.
The modernization of the Caticlan airport alone is worth around P2.5 billion, based on the framework approved by the National Economic and Development Authority. This will make the Boracay Island Philippines not only the well visited and have the best beaches in the country but also the most easiest and comfortable place to go with.