MacroAsia Corp., a member of the new Sangley Point International Airport Development Consortium, expects to proceed with its unsolicited proposal to redevelop the air hub in Cavite province amid an absence of challengers.
“A few days ago we got a notice that there is no challenger. I think it’s a good sign for us… We will continue working on it,” MacroAsia president and COO Eduardo Luis Tan Luy said in a recent interview with reporters.
The Cavite province did not receive alternate bids challenging the unsolicited proposal submitted by the SPIA consortium.
The competitive challenge process was supposed to test the technical and commercial soundness of the proposal, as well as the strength of the financial and technical qualifications presented by the group.
“We are mostly going to the operations and maintenance side because previously we were supposed to be part of this project in a different way. Now that goal has kind of shifted,” Luy said.
However, he added the consortium has yet to decide on how it will fund the Sangley airport project, saying it is “something we are still talking about with our partners.”
Members of the new SPIA Development Consortium are Cavitex Holdings, Inc. House of Investments, Inc., Samsung C&T Corp., MacroAsia Corp., Munich Airport International, and Arup.
They currently enjoy the original proponent status with the right to match any challenge.
MacroAsia and its partner China Communications Construction Co. Ltd. previously negotiated for the project in 2020, but the government terminated its notice of selection and award in January 2021.
The cancellation was due to “various deficiencies in the submission of requirements to conclude the joint venture agreement.”
The long-delayed Sangley Airport project is envisioned as a fully modernized, world-class, and green airport designed to meet an anticipated increase in demand for air transport in the next 30 to 40 years.
Sangley Point is currently operated by the national government to complement the runway of NAIA.