The planned Sangley Aerocity and Sangley Point International Airport (SPIA) in Cavite is expected to generate up to 15,000 jobs and an estimated $500 million in government revenue, following a renewed commitment from Indian infrastructure conglomerate GMR Group to advance the project.
President Ferdinand Marcos Jr. secured the assurance during a meeting with GMR Group Business Chairman (Energy and International Airports) Srinivas Bommidala and local partners Cavitex Holdings Inc. and House of Investments.
Marcos stressed the project’s strategic role in easing congestion at the Ninoy Aquino International Airport (NAIA) and enhancing regional connectivity.
The president said the national government is working closely with the Cavite provincial government to fast-track land-related approvals to keep the project on schedule.
GMR also expressed interest in operating and modernizing airports in Laoag, Siargao and Bohol, citing the potential to stimulate economic growth and tourism in these regions, which aligns with the government’s “Build Better More” program.
Trade Secretary Cristina Roque expressed confidence in GMR’s track record, citing its successful delivery of the Mactan-Cebu International Airport and the new passenger terminal at Clark despite pandemic challenges.
“GMR has been a trusted partner of the Philippines since 2014. The Philippines is fully committed to improving its connectivity within its 7,600 islands and the whole world, and I believe the GMR Group shares the same commitment with us in their latest project,” she said.
GMR Group reiterated its long-term commitment to the country, noting its strategic location, solid economic prospects and the administration’s strong push for infrastructure.
