China's CCCC, Philippines' Macroasia win $10 billion airport project

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China's CCCC, Philippines' Macroasia win $10 billion airport project
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China Communications Construction Co Ltd (CCCC) and Philippine partn...

) have won an auction for a $10 billion airport outside Manila, the latest in a multi-billion dollar push by the Philippines to modernize and decongest its overstretched infrastructure.

CCCC joined airline service company Macroasia in a consortium with the Cavite provincial government to carry out the expansion of the Sangley Point International Airport, one of two big projects that aim to take pressure off the four terminals of Manila’s notoriously packed international airport.It follows similar attempts by China’s state-run telecoms and energy firms to enter the Philippines, a country with a history of close ties with the United States, and fragile relations with China.

The project will be a big boost to an archipelago nation that has failed to attract the level of investment and tourism seen in Thailand, Vietnam and Malaysia, partly due to its traffic problems and inadequate roads, ports and airports. Conglomerate San Miguel Corp plans to build a 736 billion pesos airport to handle 100 million passengers a year at Bulacan to the north of Manila.

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