Sangley Point International Airport consortium inks joint venture with Cavite LGU | ABS-CBN
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Sangley Point International Airport consortium inks joint venture with Cavite LGU
Sangley Point International Airport consortium inks joint venture with Cavite LGU
ABS-CBN News
Published Feb 06, 2023 03:17 PM PHT

MANILA - The Yuchengco-led House of Investments on Monday said it and other members of the Sangley Point airport consortium have signed a joint venture deal with the Provincial Government of Cavite.
MANILA - The Yuchengco-led House of Investments on Monday said it and other members of the Sangley Point airport consortium have signed a joint venture deal with the Provincial Government of Cavite.
The agreement was signed on Feb. 6, the company said in a disclosure to the stock exchange.
The agreement was signed on Feb. 6, the company said in a disclosure to the stock exchange.
"In compliance with the disclosure requirements of the Commission, our Company hereby informs the SEC that the House of Investments, Inc. together with the consortium members for the Sangley Point International Airport project signed the Joint Venture and Development Agreement with the Provincial Government of Cavite on February 6, 2023," the company said.
"In compliance with the disclosure requirements of the Commission, our Company hereby informs the SEC that the House of Investments, Inc. together with the consortium members for the Sangley Point International Airport project signed the Joint Venture and Development Agreement with the Provincial Government of Cavite on February 6, 2023," the company said.
In September 2022, the Cavite LGU announced it had awarded the $11 billion Sangley Point International Airport project to the SPIA consortium.
In September 2022, the Cavite LGU announced it had awarded the $11 billion Sangley Point International Airport project to the SPIA consortium.
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Other members of the consortium include Cavitex Holdings Inc, Samsung C&T Corp with MacroAsia Corp, Munich Airport International GmbH and Ove Arup & Partners Hong Kong Ltd.
Other members of the consortium include Cavitex Holdings Inc, Samsung C&T Corp with MacroAsia Corp, Munich Airport International GmbH and Ove Arup & Partners Hong Kong Ltd.
According to the Cavite LGU, Phase 1 of the project includes the first runway which is expected to be operational by 2028. The airport is projected to generate some 50,000 jobs as well as spur economic activities in the area.
According to the Cavite LGU, Phase 1 of the project includes the first runway which is expected to be operational by 2028. The airport is projected to generate some 50,000 jobs as well as spur economic activities in the area.
The SPIA project was originally awarded to a consortium that included China Communications Construction Co (CCCC) in 2019, but it was later on canceled by the Cavite LGU.
The SPIA project was originally awarded to a consortium that included China Communications Construction Co (CCCC) in 2019, but it was later on canceled by the Cavite LGU.
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Sangley Point International Airport
Cavite provincial government
Sangley Point
airport
SPIA consortium
Yuchengco
infrastructure
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