THE consortium tasked to build the Sangley Point International Airport on Monday signed the joint venture and development agreement with the Cavite provincial government, one of its members said.
In a regulatory filing, Yuchengco-led House of Investments, Inc. said it signed the agreement along with the Philippine members of the consortium, namely: Cavitex Holdings, Inc. and MacroAsia Corp.
The signing is part of the disclosure requirements of the Securities and Exchange Commission for the consortium. The Cavite provincial government awarded the project on Sept. 14 to the consortium composed of Philippine, European, and South Korean companies.
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