Philippine province to award $10.9b airport project to consortium

A Philippine province is set to award a $10.9b airport project south of the capital Manila to a consortium led by Filipino tycoons, the provincial government said on Tuesday. The SPIA Development Consortium is composed of Philippine firms Cavitex Holdings, House of Investments , MacroAsia , and partners Munich Airport International Airport and South Korea's Samsung C&T Corp. No challengers or prospective bidders purchased documents to bid for the Sangley airport, the Cavite provincial government said in a document of notice to the consortium. Tentative awarding is set for Sept. 14. Holding firm House of Investments has been made aware of the impending formal award and is ready to proceed with the project, company CEO Lorenzo Tan told Reuters. The Sangley project is one of two planned multi-billion dollar airports intended to take pressure off Manila's ageing and congested airport. The second, north of the capital, is under construction.<br/>