After investing more than P36 billion in Cebu and Clark, India’s GMR Group is looking to widen its Philippine airport portfolio, with the proposed Sangley Point International Airport emerging as its biggest prospective venture.
The Philippines has secured a firm commitment from Indian infrastructure giant GMR Group to proceed with the development of the Sangley Aerocity and the Sangley Point International Airport (SPIA), while also exploring upgrades for key regional airports across the Philippines.
The $11-billion Sangley International Airport project in Manila Bay received a significant boost after the Philippine Competition Commission (PCC) cleared it of potential monopoly concerns.