Connect with us

Hi, what are you looking for?


Cavite sees ‘infirmities’ in MacroAsia-CCCC’s Sangley submissions

Final decision this week on consortium’s bid for first phase of $10-B airport project

By Arjay L. Balinbin, Senior Reporter

THE Cavite government saw “infirmities” in the required documents submitted by the consortium of MacroAsia Corp. (MAC) and China Communications Construction Co. Ltd. (CCCC) for the Sangley Point International Airport project, the province’s top official said.

This week, Cavite’s public-private partnership selection committee will have to make a final decision as to whether the province should stop or continue to deal with the consortium for the first phase of the $10-billion airport project.

“The selection committee will meet and submit their final recommendation this week,” Cavite Gov. Juanito Victor “Jonvic” C. Remulla, Jr. told BusinessWorld in a phone message on Monday.

“I will abide by their decision,” he added.

On Nov. 25 last year, the governor said MacroAsia and CCCC had formally submitted their consortium agreement.

The next step was to evaluate the validity of the agreement before the province could seal a joint venture deal with the consortium.

Mr. Remulla had expected the joint venture deal signing to take place in December, but it did not happen because the provincial government saw compliance issues.

“There were infirmities with the submissions,” he said on Monday.

He also noted that it is still too early to plan on contingencies. “Let’s wait for the selection committee’s recommendations.”

The consortium had asked the Cavite government thrice to give it more time to complete and submit the final requirements for the project, which were supposed to be submitted 60 days after the group received the notice of award in February last year.

Initially, it was given until the second week of June to process and submit the documents before a joint venture development agreement could be signed, but the consortium members asked for a further 90-day extension.

The tandem missed the deadline for complete submission on Sept. 9, so it was extended for another 90 days.

The province had expected to break ground with its joint venture partner for the first phase of the airport project by the second quarter of 2020.

The first phase of the project, which will cost $4 billion, covers the construction of the Sangley connector road and bridge to connect the Kawit segment of the Manila-Cavite Expressway to the international airport.

Phase 1 also involves the construction of the airport’s first runway. The airport is rated at 25 million passengers yearly, and is intended to help decongest the Ninoy Aquino International Airport.

The airport was initially expected to be fully operational by 2023, with partial operations starting a year earlier. A fourth runway would be opened after six years.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



Elon Musk has suggested that he could seek to pay a lower price for Twitter, as the social media company’s would-be owner expressed further...


Tens of thousands of apprenticeships could be created and hundreds of millions of pounds saved if the flawed apprenticeships levy were reformed, according to...


The man accused of killing a doctor and wounding five other people in a shooting at a Taiwanese-American church banquet in California methodically planned the attack because he was upset over Chinese-Taiwanese tensions,...


Workers should “think and reflect” on whether to ask for pay rises because they risk fuelling inflation, the governor of the Bank of England...


Ofgem has come under fire for extending rules that will effectively prevent energy suppliers from offering deals that are significantly cheaper than the price...


Working from home is more popular in Britain than in continental Europe and North America, with commuting journeys down by more than a fifth...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.