Cavite gov’t upbeat on $10-B Sangley airport project | Inquirer Business

Cavite gov’t upbeat on $10-B Sangley airport project

/ 04:07 AM February 10, 2020

Cavite Governor Jonvic Remulla is confident their plan to build a $10-billion international airport complex in Sangley Point will fly, aided by a planned venture with Lucio Tan’s Philippine Airlines (PAL).

Tan is participating in the project through aviation services firm MacroAsia Corp., which joined forces with state-run China Communications Construction Co. (CCCC) to become the sole bidder for the massive airport on the reclaimed land in Manila Bay.Remulla told the Inquirer that PAL planned to move some flights out of Manila’s Ninoy Aquino International Airport (Naia) and transfer them to Sangley Point International Airport (SPIA) once the first phase was completed in four years.

“Their plan, as intimated to us, is to make Sangley their hub,” Remulla said in an interview last week. He said other domestic and international carriers would follow suit once they see the benefits of SPIA.

Article continues after this advertisement

PAL operates about 300 flights a day in Naia, the country’s busiest air gateway. The flag carrier had previously complained that congestion in Naia was crimping its growth during a time when air traffic demand was rising. In 2017, PAL offered to invest P20 billion in expanding Naia’s passenger Terminal 2, which it uses exclusively. That plan was rejected by the government.

FEATURED STORIES

A year later, Tan joined a group of tycoons in their proposal to upgrade and operate Naia. The P102-billion offer won the approval of the board of the National Economic and Development Authority late last year.

Tan’s bid for SPIA suggested the taipan was also considering its long-term expansion once Naia reached its full capacity.

Article continues after this advertisement

For now, the Cavite government’s public-private partnership selection committee has yet to award the first phase of the SPIA to the CCCC-MacroAsia consortium.

Remulla said there were delays from the Chinese side given the business disruptions due to the coronavirus outbreak. INQ

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: Business, Sangley airport project

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.