The Department of Trade and Industry (DTI) said the planned development of Sangley Point International Airport (SPIA) in Cavite is expected to generate more than P150 billion in direct investment, while its indirect economic impact is estimated at P500 billion.
In a statement on Sept. 14, it said Indian infrastructure company GMR Group had renewed its interest in building and operating the SPIA.
The SPIA project, which would be developed in partnership with Cavitex Holdings, Inc., is expected to generate up to $500 million in government revenue and create up to 15,000 jobs.
Since entering the Philippine market in 2014, GMR has invested P36 billion in airport infrastructure development in Cebu and Clark.
Local government units (LGUs) were urged to draw inspiration from the transformation of a former sanitary landfill in Carmona, Cavite into a nature park and hub for disaster preparedness, food security and sustainable development.
The call came following the inauguration of the Metropolitan Manila Development Authority (MMDA) Nature Park and other development projects in Sitio Paligawan Matanda in Barangay Lantic, Carmona on Sept. 11.
Former Cavite landfill transformed into disaster and nature hub
Sangley airport economic impact estimated at P500 billion by DTI
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