PCC greenlights airport joint venture of Cavite province, SPIA consortium

MANILA, Philippines – The Philippine Competition Commission (PCC) cleared the joint venture of the Cavite provincial government and the Sangley Point International Airport (SPIA) consortium for the development of the new airport in Cavite.

On Monday, October 21, the PCC said the public-private partnership (PPP) to be implemented between the Cavite LGU and the consortium created by Luis Virata’s Cavitex Holdings and the Yuchengco-led House of Investments will “unlikely result in a substantial lessening...