Group of Chinese firm, MacroAsia get Cavite nod to develop Sangley International Airport

February 14, 2020

Cavite province awarded the development and implementation of an international airport in Sangley Point to the consortium of China Communications Construction Company Ltd. (CCCC) and MacroAsia Corporation (MAC).

MAC, in a disclosure to the Philippine Stock Exchange Friday, said it received the notice of selection award for the Sangley Point International Airport Project, from Cavite. 

CCCC and MAC were selected joint venture partners and awarded the development and implementation of Phase 1 of the Sangley Point International Airport Project. 

The estimated Phase 1 total project cost is about P208.5 billion. 

“From the signing of the Joint Venture Development Agreement (JVDA), it will take 12 to 18 months for the consortium to complete the detailed engineering design leading to financial closing,” MAC said. 

Last December, only the consortium of CCCC and MacroAsia submitted a bid for Sangley International Airport.

Other groups that failed to submit bids included Prime Asset Ventures Inc. of businessman Manuel Villar, Philippine Airport Ground Support Solutions Inc., Metro Pacific Investments Corp., Langham Properties Inc. and Mosveldtt Law Offices.

The 1,500-hectare international airport hub will be fitted with four runways, airside and landside facilities with an annual capacity of up to 130 million passengers.

Cavite province will separately bid out operations and maintenance of the new international airport. DMS