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Yuchengco, Virata families partner with Lucio Tan’s MacroAsia and global firms to take a shot at Sangley airport

A consortium led by the Yuchengco Group of Companies and the Virata-led Cavitex Holdings Inc. has submitted a proposal to build an international gateway in Sangley, Cavite after a second failed bidding for the local government’s $10 billion airport project.

The SPIA Development consortium also comprises bilyonaryo Lucio Tan’s MacroAsia Corp. and renowned global companies including Samsung C&T Corp. of South Korea, Munich Airport International GmbH (MAI) and London-based Arup Group.

In its proposal forwarded to Cavite Governor Jonvic Remulla, the consortium said that collectively, the members have “the necessary legal, technical and financial qualifications to implement the project and carry out sound viable business strategies and financing plans that will lead to the project’s successful development.”

MacroAsia, a non-equity member of the consortium, will provide management and technical services for the aviation support and logistics component of the project.

Samsung C&T built the Petronas Twin Towers in Kuala Lumpur, the iconic Burj Khalifa in Dubai, Terminal 1 of the Incheon International Airport, and the extension of the Changi International Airport. It also built the Incheon Bridge and the Yeongjong Bridge, which are the main access and support infrastructure to Incheon International Airport.

MAI, on the other hand, is the management services arm of the Munich Airport, Europe’s only 5-Star rated airport and certified best airport for the past 14 years.

Arup, meanwhile, is the acknowledged go-to firm for many high-profile development projects in the world.

The proposed Sangley airport project is seen to provide an alternative to, and ease the congestion at the Ninoy Aquino International Airport as well as boost economic growth, local tourism and aviation.

It will be a world-class and green airport designed to expand as demand for air transport services increases in the next 30 to 40 years, especially with the eventual phase out of the NAIA.

SPIA said it is ready to commence full project development activities as soon as the project award is granted.

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