MacroAsia, Chinese firm to build Sangley Airport Phase 1

ABS-CBN News

Posted at Feb 14 2020 02:33 PM

MANILA – MacroAsia Corp said Friday its consortium with the China Communications Construction Co was selected by the provincial government of Cavite as the joint venture partner for the P208.5 billion phase 1 of the Sangley Point International Airport Project.

According to a notice of award received on Feb. 14, the consortium was chosen upon the recommendation of the Cavite provincial government’s PPP-Selection Committee, Lucio Tan’s MacroAsia told the stock exchange.

It would take 12 to 18 months from the signing of the joint venture development agreement for the consortium to complete the detailed engineering design, MacroAsia said.