Unsolicited proposal is accepted for Sangley Airport PPP project in Philippines
The Provincial Government of Cavite has officially accepted and granted original proponent status to the unsolicited proposal of the SPIA Development Consortium for the Sangley Point International Airport (SPIA) project in the Philippines.
With an estimated investment of US$10 billion, the proposal includes the development of the airport in several phases. In phase 1A, the new runway will be constructed to facilitate services for 15 million passengers. During Phase 1B and 2 further development of facilities will be undertaken to boost the airport's capacity to 75 million passengers per year.
The SPIA consortium members include Cavitex Holdings Inc. (CHI) of Metro Pacific Investments Corp. (MPIC) and the Yuchengco Group of Companies (YGC), MacroAsia Corporation, along with Samsung C&T Corporation of South Korea, Munich Airport International GmbH and Arup Group.
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