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The private concessionaire set to develop the Sangley Point Airport is looking to start building in the next two years after submitting its unsolicited proposal for the project in 2021, a top official said Monday.According to House of Investments Inc. president and chief executive officer Lorenzo Tan , construction is set to start within the next two years given hurdles such as permits that are needed to be secured from the government.
The consortium scored the approval of antitrust watchdog Philippine Competition Commission last month, as the agency said the public-private partnership project is “unlikely to result in a substantial lessening, restriction, or prevention of competition in the relevant market.”Tan on Monday said the group is set to build a 4.3-kilometer highway to Sangley, while the existing runway, although still reusable, will have to be renovated.
Cavite House Of Investments Lorenzo Tan Renovation
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