GCR
A consortium led by state-owned giant China Communications Construction Company (CCCC) has lost the right to develop a $10bn airport project in the Philippines.
CCCC and Philippine company MacroAsia had been picked for the mega project to expand Sangley Point International Airport in Cavite province in February last year.
But yesterday Cavite governor Juanito Victor “Jonvic” Remulla announced that the award had been withdrawn owing to “the various deficiencies of the submission of requirements to conclude the Joint Venture Agreement”...read more
