China’s CCCC, Macroasia to construct $10 billion airport in Manila
China Communications Construction Co Ltd (CCCC) and its local partner have won an auction for a $10 billion airport on the outskirts of Manila, the latest move by Chinese state firms to gain a foothold in the Philippines.
CCCC joined airline service company Macroasia Corporation in a consortium with the Cavite provincial government to carry out the Sangley Point International Airport project, Jesse Grepo, legal officer of the selection committee, told reporters.
The $10 billion project, which involves land reclamation and expansion of an existing small airport, is part of the government’s major infrastructure overhaul plan that government has been criticised for stalling on.
