Unsolicited proposal submitted for Sangley Airport PPP
The Province of Cavite in the Philippines has received an unsolicited proposal from the SPIA Development Consortium for the development of Sangley Point International Airport (SPIA). The SPIA Development consortium comprises Yuchengco Group of Companies, MacroAsia, Samsung C&T, Munich Airport International, Cavitex Holdings, and Arup Group.
The US$10.9 billion proposal was submitted after the authority failed to award the project for a second time. The consortium proposes to develop the airport infrastructure in different phases. In phase 1A, the new runway will be constructed at a cost of US$2.3 billion facilitating 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 annum.
Country updates
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October 18, 2021
KKR completes investment in First Gen
KKR has acquired all of the 262,937,672 common shares of First Gen Corporation that were tendered by shareholders of the company in the Philippines. The transaction has a total investment value o...
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September 29, 2021
Philippines approves USD1.85 billion Expressway PPP project
The Government of the Philippines has approved the Pasig River Expressway (PAREX) project which will be implemented as a Public-Private Partnership.
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September 17, 2021
RFEOI issued for Broadband PPPs in Philippines
The International Finance Corporation (IFC) has been approached by the Government of the Philippines, through its Department ofInformation and Communications Technology, to explore PPP structures and...
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August 30, 2021
Philippines selects management consultant for Mindanao Railway PPP
The Ministry of Transportation in the Philippines has awarded the project management consultancy contract for the Mindanao Railway Phase 1 PPP project to the Chinese consortium. The consortium compri...
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August 11, 2021
PLDT confirms to sale non-strategic towers in Philippines
PLDT Inc., the Philippines' largest fully integrated telecommunications company, has confirmed that it is considering selling cell sites to independent tower companies. The divesting of non-stra...
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