CCCC to Bid For Sangley Airport Development in Philippines
Philippines Star reported that state-owned China Communications Construction Co Ltd has again expressed its interest in developing the Sangley Point International Airport project in Cavite after earlier losing the airport deal which was awarded to the company and its local partner MacroAsia Corp. Cavite Gov. Jonvic Remulla said four companies have bought the bid documents for the SPIA: CCCC, Metro Pacific Investments Corp, Philippine Airport Ground Support Solutions Inc and Mosveldtt Law Office. Both MPIC and PAGSS were among the companies that purchased bid documents for the SPIA project during its first auction in 2019, but did not submit an actual bid.
CCCC and partner MacroAsia won the first bidding for the SPIA project, submitting the sole bid. The airport deal awarded to the consortium, however, was terminated in January due to the various deficiencies of the submission of requirements to conclude the joint venture agreement, prompting the provincial government of Cavite to start anew with its search for a partner.
It is unclear if CCCC will still partner with MacroAsia should it decide to submit an offer.
CCCC had a 60 percent stake in the earlier consortium while MacroAsia held the minority 40 percent.