Malaya Business Insight

The Cavite provincial government will push through with the scheduled signing of the joint venture agreement with SPIA Development Consortium for the $10-billion Sangley Point International Airport (SPIA) project in Cavite which is set to begin construction in 2023.

“We are signing the joint venture development agreement on 14th (September) with all the stakeholders,” Cavite Governor Juanito Victor Remulla said in a text message over the weekend.

Last month, the Cavite provincial government confirmed  no other bidder challenged the unsolicited proposal of SPIA Consortium, which is composed of the Yuchengco Group of Companies, MacroAsia Corp., Cavitex Holdings Inc. and three renowned global firms – Samsung C&T Corp. of South Korea; Munich Airport International GmbH, the management services arm of Munich Airport; and the London-based Arup Group.

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