The Philippines Department of Transportation (DoT) has urged the provincial government of Cavite to submit the final draft for the development of a $12bn international airport in Sangley Point, Cavite.
DOT Secretary Arthur Tugade was quoted by media sources as saying that the Sangley International Airport is supposed to be a government-to-government proposal, but there is also a private group proposal. However, the rules give priority to the government.
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Tugade further added that the deadline will give something concrete before the end of the year.
The provincial government of Cavite, under the leadership of Governor Jesus Crispin Remulla, submitted a proposal to the DoT in February to build a Sangley Point airport.
Subsequently, Sangley Airport Infrastructure Group (SAIG), a consortium headed by Solar Group’s All-Asia Resources and Reclamation, also presented its proposal in March to build Philippine Sangley International Airport (PSIA) for $12bn.
The Cavite government submitted a PHP552.018bn ($9.329bn) proposal in February to develop an airport in the former US naval facility at Sangley Point, Cavite.
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By GlobalDataAccording to the plan, the project will be executed in two phases. The first phase will cost approximately PHP208.487bn ($3.851bn), while the second phase will require an estimated investment of about PHP343.531bn ($6.346bn).
SAIG proposed the development of a 2,500ha of land in Sangley Point for an airport and commercial ventures in lieu of a concession for a period of 50 years.
The airport will have two runways. It will be capable of managing approximately 120 million passengers per annum upon becoming fully operational.
