Europe, South Korea-Backed Consortium Wins Philippines Airport Project Formerly Pursued by China

A consortium composed of South Korean and European firms has been awarded an $11 billion airport project in the Philippines that was previously granted to a Chinese state-owned firm.
The Cavite provincial government awarded the contract to develop the Sangley Point International Airport (SPIA) to a multinational consortium comprised of companies from the Philippines, South Korea, and Europe on Sept. 14.
The group includes local firms Cavitex Holdings, House of Investments, and MacroAsia Corporation—owned by Filipino tycoon Lucio Tan—as well as South Korea’s Samsung C&T Construction, Germany’s Munich Airport, and Ove Arup & Partners Hong Kong Ltd….