Business

Cavite gov’t confident about airport JV with Lucio Tan

The government of Cavite is confident that its airport project with bilyonaryo Lucio Tan’s MacroAsia Corp. will push through.

In an interview with BusinessWorld, Cavite Governor Jonvic Remulla said tommorrow (November 24) was the last day for the local government and the consortium of MacroAsia and China Communications Construction Co. to sign a joint venture agreement for the construction of the $10 billion Sangley Point International Airport project.

MacroAsia and its partner CCCC initially missed the September 9 deadline but were given another 90 days to complete their post-qualification requirements for the project.

Cavite’s public-private partnership selection committee decided to give the consortium more time given the coronavirus outbreak.

The groundbreaking for the first phase of the airport project was originally scheduled in the second quarter of the year.

The first phase of the project includes the construction of the Sangley connector road and a bridge to connect the Kawit segment of the Manila-Cavite Expressway to the airport.

Slated to be fully operational by 2023, the Sangley airport is intended to help decongest the Ninoy Aquino International Airport.

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