airports in the Philippines

Tan, Yuchengco, Virata submit new Sangley airport proposal

Ralf Rivas
The consortium includes the company that built Dubai's Burj Khalifa, as well as a firm that services Europe's only five-star airport

A consortium of Filipino tycoons and foreign companies submitted an unsolicited $10.9-billion proposal to build the Sangley Point International Airport (SPIA) after previous offers failed to materialize.

Key members of the powerhouse group, called the SPIA Development Consortium, include the Yuchengco Group of Companies, Lucio Tan’s MacroAsia Corporation, and Luis Virata’s Cavitex Holdings. 

MacroAsia will be a non-equity member of the consortium, providing management and technical services for aviation support and the logistics component of the project.

Foreign companies joining the group include South Korea’s Samsung C&T Corporation, which built the Petronas Twin Towers in Malaysia and the Burj Khalifa in Dubai.

Germany’s Munich Airport International GmbH is also part of the consortium. It is the management services arm of Munich Airport, Europe’s only five-star airport.

Rounding up the consortium is London’s Arup Group, which has experience in designing and planning “high-profile development projects in the world.”

The consortium said Cavite Governor Jonvic Remulla already received its proposal to form a joint venture with the province.

Rappler reached out to Remulla regarding the proposal, but we have yet to receive a response as of posting.

“The proposed partnership with Cavite province will encompass the development, design, financing, construction, operation, and maintenance of the Sangley airport project that is seen to provide an alternative to, and ease the congestion at, the Ninoy Aquino International Airport as well as boost economic growth and enhance the local tourism and aviation industries,” the consortium said.

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Cavite recently declared a second failed bidding when it received no bids for the airport project after the October 20 deadline.

MacroAsia and China Communications Construction won the first bidding for the SPIA project in 2019, but the deal was terminated after the consortium failed to submit post-qualification documents, despite the Cavite provincial government extending deadlines four times. – Rappler.com

Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.