00:00 It is expected that the construction of the 11 billion dollar international airport in Sangley Point, Cavite will start next year.
00:07 This is Daniel Manalastas.
00:09 A world-class international airport that can accommodate 2,000 arrivals and departures per day
00:19 and a capacity of 130 million passengers for more than 200 destinations around the world.
00:25 That is the potential of the Sangley Point International Airport in Cavite.
00:30 According to Cavitex Holdings Local Partner GMRC Group of India,
00:34 they are just waiting for some clearance from the government before the construction starts.
00:39 This is what they see as the solution to the congestion issues in Ninoy Aquino International Airport.
00:45 That is why they will try to finish it within the next 5 years.
00:49 This year, the local government of Cavite and SPIA Consortium passed the development agreement for the 11 billion dollar project
00:58 including Cavitex Holdings and SPIA Consortium and other private companies.
01:04 Meanwhile, the President is hoping that GMR Group in the Philippines will bring their expertise,
01:10 especially in the construction of world-class airports.
01:13 Daniel Manalastas for the Bayan.
01:15 to buy in.
