Consortium Backed By Billionaire Lucio Tan’s MacroAsia Wins $11 Billion Philippine Airport Project

A consortium including billionaire Lucio Tan’s MacroAsia and partners from the Philippines, South Korea and Europe has won the $11 billion contract to build an international airport south of Manila that could help ease congestion at the country’s main gateway.

The new airport will be built at Sangley Point, a former US air base in Cavite province, about 25 kilometers south of Ninoy Aquino International Airport (NAIA), which has already been voted the worst airport in the world. Sangley Point International Airport (SPIA) will initially be developed as a two-runway facility capable of handling 80 million passengers per year, expandable to four runways with an annual capacity of up to 130 million passengers.

“With the development of the first runway, SPIA can operate as a satellite runway to immediately relieve extreme runway congestion at NAIA,” the consortium said in a statement. Built over 70 years ago, NAIA is one of the busiest airports in the world. It handled around 48 million passengers in 2019 just before the Covid-19 pandemic grounded international flights, well above the airport’s design capacity of 30 million passengers a year.

The consortium is co-led by House of Investments – controlled by the family of late Filipino tycoon Alfonso Yuchengco – and Cavitex Holdings. Samsung C&T Construction in South Korea, Munich Airport in Germany and Ove Arup & Partners Hong Kong Ltd. are also part of the group.

SPIA – which will include integrated logistics and aeronautical facilities as well as road and rail links – is competing with billionaire Ramon Ang’s San Miguel to develop an alternative to NAIA. San Miguel is building a $15 billion mega airport with a capacity of handling 100 million passengers a year on a sprawling 2,500 hectare (25 million square meter) site in Bulacan province, about 40 kilometers north of Manila.


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