MB - Emmie V. Abadilla

The Provincial Government of Cavite officially accepted and granted original proponent status to the unsolicited proposal of the SPIA Development Consortium for the $10 billion Sangley Point International Airport (SPIA).

The SPIA consortium members include Cavitex Holdings Inc. (CHI) of Metro Pacific Investments Corp. (MPIC) and the Yuchengco Group of Companies (YGC); MacroAsia Corporation, along with global firms Samsung C&T Corporation of South Korea, Munich Airport International GmbH and London-based Arup Group. The SPIA proposal was accepted and granted OPS on Friday, Jan. 7.

As an original proponent, the consortium has the right to directly negotiate the final terms and conditions of the joint venture with the provincial government.

The consortium also has the right to match the best counter proposal that the government receives during the 60-day mandatory competitive process, or Swiss challenge.

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