Philippines awards $11-billion airport project to Samsung-led consortium
The Philippine government has awarded a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm the $11-billion deal to develop the Sangley Point International Airport, or SPIA, in Cavite south of Metro Manila
The new airport is expected to help decongest the overstretched Ninoy Aquino International Airport in the capital region.
Samsung C&T Corporation will lead the project under the newly launched SPIA Development Consortium together with Philippine firms Cavitex Holdings and House of Investments of the Yuchengco Group of Companies.
Other members of the group are Philippine airport solutions provider MacroAsia, Munich Airport International and Ove Arup & Partners Hong Kong, a unit of UK-based engineering and architecture firm Arup Group.
“Great challenge”
“The challenge is great, but the SPIA Development Consortium is very well prepared for the work at hand,” the consortium said in a joint statement.
An initial development deal, fronted by state-owned China Communications Construction Company together with MacroAsia, was supposed to push through, but Cavite’s provincial government scrapped it early last year after the companies failed to comply with various requirements set when they bagged the Sangley project in February 2020.
Capacity of 80 million passengers annually
The Sangley airport is envisioned as a two-runway airport with a capacity for 80 million passengers yearly. The site could be expanded to four runways.
The development project, projected to create 50,000 jobs, also includes building road and rail connections to help decongest Ninoy Aquino International Airport.
Samsung C&T has quite a reputed workbook, having been responsible for the construction of Dubai’s Burj Khalifa, the world’s tallest building, as well as Incheon International Airport in South Korea, New Ulaanbaatar International Airport in Mongolia and the ongoing Taoyuan International Airport expansion in Taiwan, among others. The company has more than 40 years of construction and engineering experience.
The Philippine government has awarded a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm the $11-billion deal to develop the Sangley Point International Airport, or SPIA, in Cavite south of Metro Manila The new airport is expected to help decongest the overstretched Ninoy Aquino International Airport in the capital region. Samsung C&T Corporation will lead the project under the newly launched SPIA Development Consortium together with Philippine firms Cavitex Holdings and House of Investments of the Yuchengco Group of Companies. Other members of the group are 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 the $11-billion deal to develop the Sangley Point International Airport, or SPIA, in Cavite south of Metro Manila
The new airport is expected to help decongest the overstretched Ninoy Aquino International Airport in the capital region.
Samsung C&T Corporation will lead the project under the newly launched SPIA Development Consortium together with Philippine firms Cavitex Holdings and House of Investments of the Yuchengco Group of Companies.
Other members of the group are Philippine airport solutions provider MacroAsia, Munich Airport International and Ove Arup & Partners Hong Kong, a unit of UK-based engineering and architecture firm Arup Group.
“Great challenge”
“The challenge is great, but the SPIA Development Consortium is very well prepared for the work at hand,” the consortium said in a joint statement.
An initial development deal, fronted by state-owned China Communications Construction Company together with MacroAsia, was supposed to push through, but Cavite’s provincial government scrapped it early last year after the companies failed to comply with various requirements set when they bagged the Sangley project in February 2020.
Capacity of 80 million passengers annually
The Sangley airport is envisioned as a two-runway airport with a capacity for 80 million passengers yearly. The site could be expanded to four runways.
The development project, projected to create 50,000 jobs, also includes building road and rail connections to help decongest Ninoy Aquino International Airport.
Samsung C&T has quite a reputed workbook, having been responsible for the construction of Dubai’s Burj Khalifa, the world’s tallest building, as well as Incheon International Airport in South Korea, New Ulaanbaatar International Airport in Mongolia and the ongoing Taoyuan International Airport expansion in Taiwan, among others. The company has more than 40 years of construction and engineering experience.
