Ground breaking of the Sangley Point International Airport project is finally set on the fourth quarter of this year.
This development happened when a powerhouse consortium of local and foreign companies called SPIA Development Consortium emerged from the picture last November 2021, and submitted a $10.9-billion unsolicited proposal to develop the SPIA.
The consortium’s proposal had been formally accepted by the provincial government of Cavite, with Remulla issuing the certificate of acceptance on Jan. 7 this year.
The consortium has also been awarded the original proponent status (OPS), giving the group the right to directly negotiate the final terms and conditions of the joint venture with the province, as well as the right to match the best counter proposal that may be received during the 60-day mandatory competitive or Swiss challenge process.
Local members of the SPIA Development Consortium are the Yuchengco Group of Companies, Cavitex Holdings Inc. chaired by businessman Luis Virata, and Lucio Tan’s MacroAsia Corp., which will provide management and technical services for the aviation support and logistics component of the project.
Joining them are renowned global companies Samsung C&T Corp. of South Korea, Munich Airport International GmbH, and the London-based design and engineering firm Arup Group.
The consortium earlier said they are ready to transform the airport into a premium gateway that can provide an alternative to the congested Ninoy Aquino International Airport.
It intends to develop the SPIA in three phases, with Phase 1A to cost $2.3 billion, Phase 1B for $2 billion, and Phase 2 for $6.6 billion.
After final planning, design and financial closing, work would immediately commence with the construction of a 4.6-kilometer connector road from the Kawit Interchange of CAVITEX that would lead to Sangley, with the time of completion estimated at two years.
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