Virata-Yuchengco-Tan partnership bags P618 billion Sangley Airport deal

After the Cavite provincial government wrapped up the 60-day Swiss challenge, a consortium led by business tycoons Virata, Yuchengco, and Tan, is set to be granted the contract for the construction and operation of the Sangley Point International Airport (SPIA) project in September.

According to BusinessWorld, Cavite Governor Jonvic Remulla confirmed that the group is set to receive the P618 billion SPIA Development project contract, and they have invited them to the awarding and signing ceremony, which is tentatively scheduled for September 14.

The group, comprised of Virata-led Cavitex Holdings, Yuchengo-led House of Investments, Inc., and MacroAsia Corp., and Lucio Tan’s family’s aviation support services, did not face any other contenders during the process, allowing it to secure the deal.

Joining them are the international partners including the South Korean’s construction and engineering company Samsung C&T Corp.; Munich Airport International, a wholly-owned subsidiary of Flughafen München GmbH; and the UK-based design company Arup.

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The consortium proposed an airport with an initial annual capacity of 25 million passengers and plans to build another runway per year to expand its capacity.

They saw the SPIA project as a “fully modernized, world-class and green airport that is designed to expand as demand for air transport services increases in the next 30 to 40 years, and as operations at NAIA are eventually phased out to allow for a redevelopment of the site and its surrounding areas.”

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