SMC building a 15 Km superbridge between Batangas and Mindoro

Every generation needs a revolution - an entrepreneurial revolution

SMC on a PPP business arrangmene with province of Mindoro is planning to build a 15 km super bridge between Mindoro and  Batangas.    The bridge will start from Ilijan Batangas,  (6.5 km) up to Cape Verde Islands, and from Cape Verde Islands to Puerto Galera (8.5 km).   It is going to be a pontoon design, and will cost

This will improve trade in Southern Luzon (between Batangas and Mindoro) create jobs, investment opportunities. and shorten the travel between Mindoro and Batangas to only 30 minutes.   (vs 1hour or more via boat ride)

SMC has met with leaders of Mindoro about the project, and SMC president has brought in European experts to study the feasibility of the bridge.   The study of water depth alone will take about two years

Dennis Uy Udenna decries allegations vs the Malampaya take over; the field would be dry in 5 years

Every generation needs a revolution - an entrepreneurial revolution

Malampaya deal above board - Udenna from GMA news

Udenna through its lawyer Atty Raymond Zorilla said the Malampaya deal is above board.  There is no law requiring that the sale of shares of stocks that require prior govt approval.  The management of the gas fields shall be under the same persons who are now running the facility. 

The group decried making the deal a political battlefield.  A graft charge has been filed at the ombudsman

The deal was subject of an investigation by committee headed by Sen Win Gatchalian and alleged to be "lutong makaw"  (He is a Chinese and businessman too

Dennis Uy was reported to have spent $190 million for the deal (about P9,5 billion)  

The criticism vs the deal were based on alleged crony relationship with the President (he is from Davao and was alleged to have contributed plenty to the 2016 election campaign of PDU30) and lack of capital and expertise to push with the deal. 

Uy however has to contend with declining gas reserves at Malampaya  LNG production of Malampaya declining  It is down by 50% compared last year.  And the gas field will be completely exhausted by 2027.  I would comment that Udenna must be crazy to enter into a deal in field that would be exhausted in 5 years.    

To run the NG fed power plants in Batangas like the Ilijan and Sta Rita, the regassification facility are now being built.   

Re gassification process