26/05/2022
IT'S FOR REAL! $10.9B INT'L AIRPORT IN CAVITE!
The provincial government of Cavite and its potential joint venture partner are targeting to break ground with the development of the massive Sangley Point International Airport (SPIA) project by the end of the year.
By November, a powerhouse consortium of local and foreign companies called SPIA Development Consortium emerged from the picture and submitted a $10.9-billion unsolicited proposal to develop the SPIA. The consortiumโs proposal had been formally accepted by the provincial government of Cavite, with Remulla issuing the certificate of acceptance on Jan. 7.
Local members of the SPIA Development Consortium are the Yuchengco Group of Companies, Cavitex Holdings Inc. chaired by businessman Luis Virata, and Lucio Tanโs MacroAsia Corp., which will provide management and technical services for the aviation support and logistics component of the project.
Joining them are renowned global companies Samsung C&T Corp. of South Korea, Munich Airport International GmbH, and the London-based design and engineering firm Arup Group.
It intends to develop the SPIA in three phases, with Phase 1A to cost $2.3 billion, Phase 1B for $2 billion, and Phase 2 for $6.6 billion.
After final planning, design and financial closing, the consortium said work would immediately commence with the construction of a 4.6-kilometer connector road from the Kawit Interchange of CAVITEX that would lead to Sangley, with the time of completion estimated at two years.
To all investors ,I just want to take this opportunity, para sabihin po sainyo na after a year lahat ng properties here in Cavite ay magiging doble or triple ang prices. Take this chance na mag invest in one of the luxurious subdivisions here in Cavite, habang naka Fix pa po yung prices namin.
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