The Cavite government is already evaluating the final submission of a China-backed consortium for the proposed Sangley Point International Airport (SPIA) project, according to Gov. Jonvic Remulla.
The review was meant to ensure the strength of their joint venture for a new air gateway that would eventually rival Manila’s Ninoy Aquino International Airport (Naia).
“The country has a long history of failed joint venture agreements,” Remulla told the Inquirer, adding the local government would ensure “all compliance issues are addressed.”
The Cavite government’s Public Private Partnership office would review the ownership structure and equity sourcing, among others.
“There has t…
Keep on reading: Cavite scrutinizes partner’s financial power to build Sangley airport