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Consortium Backed By Billionaire Lucio Tans MacroAsia Wins $11 Billion Philippine Airport Project

Travelers wearing face masks queue at immigration counters upon coming to Ninoy Aquino … [+] AIRPORT TERMINAL on March 10, 2020 in Manila, Philippines.

Ezra Acayan/Getty Images

A consortium which includes billionaire Lucio Tans MacroAsia and partners from the Philippines, South Korea and Europe has been awarded the $11 billion contract to create a global airport south of Manila which could help ease congestion at the countrys main gateway.

The brand new airport will undoubtedly be built at Sangley Point, a former U.S. airbase in the province of Cavite, about 25 kilometers south of the Ninoy Aquino AIRPORT TERMINAL (NAIA), that was once voted because the worlds worst airport. The Sangley Point AIRPORT TERMINAL (SPIA) will initially be developed as a two-runway facility that may handle 80 million passengers yearly, expandable to four runaways having an annual capacity as high as 130 million passengers.

With the development of the initial runway, SPIA can operate as a satellite runway to immediately relieve the extreme congestion of the runway at NAIA, the consortium said in a statement. Built over 70 years back, NAIA is one of the worlds most overcrowded airports. It handled about 48 million passengers in 2019 right before the Covid-19 pandemic grounded international flights, way above the airports design capacity of 30 million passengers annually.

The consortium is co-led by House of Investmentscontrolled by the household lately Philippine tycoon Alfonso Yuchengcoand Cavitex Holdings. South Koreas Samsung C&T Construction alongside Germanys Munich Airport and Ove Arup & Partners Hong Kong Ltd. may also be portion of the group.

SPIAwhich includes integrated logistics and aviation facilities alongside road and rail linksis competing with billionaire Ramon Angs San Miguel to build up an alternative solution to NAIA. San Miguel is constructing a $15 billion mega airport with a capacity to take care of 100 million passengers annually on a sprawling 2,500 hectare (25 million square meters) site in Bulacan province, about 40 kilometers north of Manila.

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