MacroAsia may tap other Lucio Tan firms for Sangley Airport project

ABS-CBN News

Posted at Feb 24 2020 11:18 AM

MANILA – MacroAsia on Monday said it might bring in other companies in the Lucio Tan group to help fund the Sangley Point International Airport project.

MacroAsia and China Communications Construction Co were chosen to build the P208.5 billion Phase 1 of the Sangley airport following the recommendation by the provincial government of Cavite’s PPP-Selection Committee, it earlier said.

“We confirm that MacroAsia Corporation, with the agreement of its partners (Provincial Government of Cavite and CCCC), may bring in other firms related to Dr. Lucio C. Tan to help fund the Sangley Point International Airport Project,” MacroAsia told the stock exchange, in response to a Philippine Star report. 

No other details were disclosed. The Lucio Tan group also includes Philippine Airlines.