A consortium led by China Communications Construction (CCCC) has reportedly been awarded a $10bn airport expansion contract in the Philippines.
The consortium includes Philippine airline service company MacroAsia, which is owned by the chairman of Philippine Airlines.
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The consortium will carry out work to transform a former air force base in Sangley Point, Cavite, into an international gateway.
This project is part of the initiave to decongest Ninoy Aquino International Airport (Naia) in Manila.
Formed as a venture with the local government unit, the project was won by the CCCC and MacroAsia consortium, with no other bidder in the fray.
Project work includes land reclamation and the expansion of the current small airport. This is part of the much-delayed infrastructure overhaul programme planned by the government.
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By GlobalDataThe government hopes to increase the country’s investment and tourism, which is struggling due to traffic problems and insufficient roads, ports and airports.
Manila’s NAIA, which is not rated highly, will soon receive an upgrade of $2bn.
San Miguel Corporation recently won a contract for the construction of a $15bn airport in the Bulacan province of the Philippines after no other company came forward to challenge its bid.
When developed, the airport is expected to ease congestion at the Philippines’ main gateway in Manila.
It is proposed to have a terminal capacity of 100 million passengers a year. It will feature four parallel runways and a toll road linking the airport to the motorway.
The Philippines’ National Economic and Development Authority (NEDA) Board approved the proposal in April last year.
Last year, a consortium comprising seven Philippine conglomerates submitted a $6.7bn proposal to the Department of Transportation for the modernisation and expansion of Manila Airport.
