Neil Jerome Morales

China Communications Construction Co Ltd (CCCC) (601800.SS) and Philippine partner Macroasia Corp (MAC.PS) have won an auction for a $10 billion airport outside Manila, the latest in a multi-billion dollar push by the Philippines to modernize and decongest its overstretched infrastructure.

CCCC joined airline service company Macroasia in a consortium with the Cavite provincial government to carry out the expansion of the Sangley Point International Airport, one of two big projects that aim to take pressure off the four terminals of Manila’s notoriously packed international airport.

Reuters

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