The Philippine government has awarded an $11 billion deal to a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm to develop Sanli Point International Airport (SPIA) in Cavite, south of Metro Manila. The new airport is expected to be Provide Ninoy Aquino International Airport to help relieve the overstretched capital region. Samsung C&T Corporation will lead the project at the newly formed SPIA Development Consortium, along with Filipino firm Cavitex Holdings and Yuchengco Group of Companies’ House of Investments. Other members of the group include Philippine airport solutions provider MacroAsia, Munich Airport…
The Philippine government has awarded a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm to develop the Sanli Point International Airport (SPIA) in Cavite, south of Metro Manila, for $11 billion
The new airport is expected to ease congestion at the overstretched Ninoy Aquino International Airport in the capital region.
Samsung C&T Corporation will lead the project at the newly formed SPIA Development Consortium, along with Filipino firm Cavitex Holdings and Yuchengco Group of Companies’ House of Investments.
Other members of the group include Philippine airport solutions provider MacroAsia, Munich International Airport and Ove Arup & Partners Hong Kong, part of British engineering and construction firm Arup Group.
“huge challenge”
“The challenges are enormous, but the SPIA Development Consortium is well prepared for the job at hand,” the consortium said in a joint statement.
A preliminary development agreement led by state-owned China Communications Construction Company and MacroAsia was supposed to move forward, but the Cavite provincial government called it off early last year after the two companies failed to comply in February 2020.
Annual passenger volume of 80 million passengers
Sangley Airport was conceived as a dual-runway airport, accommodating 80 million passengers per annum. The site can be extended to four runways.
The development is expected to create 50,000 jobs and also include road and rail links to help ease congestion at Ninoy Aquino International Airport.
Samsung C&T has a fairly well-known workbook, having been responsible for the construction of the world’s tallest building, the Burj Khalifa in Dubai, as well as South Korea’s Incheon International Airport, Mongolia’s New Ulaanbaatar International Airport and the ongoing expansion of Taiwan’s Taoyuan International Airport, among others outside. The company has more than 40 years of construction and engineering experience.
