GCR

The government of Cavite province in the Philippines has relaunched tenders for the $10bn Sangley international airport project, less than a month after it cancelled its deal with Filipino company MacroAsia and China Communications Construction Company (CCCC).

In an announcement published on Monday, the government solicited bids for the 1,500ha airport, to be carried out as a joint venture between itself and the chosen project partner.

The invitation said bids were sought from firms able to provide equity investment and debt finance, as well as engineering, procurement and construction services...read here