Tycoons submit new proposal to develop Sangley Airport
MANILA, Philippines — A consortium backed by the Lucio Tan, Yuchengco, and Luis Virata groups has submitted a new unsolicited proposal to develop a world-class international gateway in Sangley Point.
The new consortium, which seeks a partnership with the Province of Cavite. is backed by South Korean firm Samsung C&T Corp. and Munich Airport International GmbH, the management services arm of Munich Airport.
Another foreign consortium member is the London-based creative planning, design, and engineering firm Arup Group.
“We share the vision of delivering SPIA as a modern, world-class, efficient and green international hub airport and new main gateway to the country that Caviteños and all Filipinos will be truly proud of,” said the new proponent called SPIA Development Consortium.
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