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Infrastructure conglomerate GMR Group expressed serious intent to be part of the Sangley Point International Airport project, which would require some P150 billion in direct investments
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GMR Group chairman Srinivas Bommidala and other top officials of the company – which had been involved in the redevelopment of the Mactan-Cebu International Airport and the Clark International Airport – met with a Philippine delegation led by President Ferdinand Marcos Jr. during an official trip last week to India
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Apart from Sangley, GMR is currently looking into opportunities on the planned upgrade of the airports in Bacolod, Tacloban, Busuanga, and Laoag
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It is also actively participating in bids for logistics facilities that will support global cargo operators at the Clark International Airport
Infrastructure conglomerate GMR Group expressed serious intent to be part of the Sangley Point International Airport (SPIA) project, which would require some P150 billion in direct investments, according to the Department of Trade and Industry (DTI).
GMR Group chairman Srinivas Bommidala and other top officials of the company – which has been involved in the redevelopment of the Mactan-Cebu International Airport and the Clark International Airport, and continues to be engaged in technical and other related services – met with a Philippine delegation led by President Ferdinand Marcos Jr. during an official trip last week to India.
Also in attendance was SPIA project developer Cavitex Holdings Inc.’s chairman, Luis Juan Virata.
READ: PCC approves Sangley airport JV, saying it won’t restrict competition
DTI secretary Ma. Cristina Roque, who was also part of the meeting, said discussions centered on GMR’s ongoing and planned investments in Philippine aviation and transport infrastructure, noting that the company had invested over P36 billion in Cebu and Clark.
Apart from SPIA, GMR is currently looking into opportunities on the planned upgrade of the airports in Bacolod, Tacloban, Busuanga, and Laoag to boost local trade, tourism and regional development. The company is also actively participating in bids for logistics facilities that will support global cargo operators at the Clark airport.
“We need to push airport projects because we are expecting more planes to land in the Philippines. We also want to further promote tourism and trade,” Roque said in a statement.
For SPIA, the Philippine delegation highlighted the significant economic potential of the project, which is seen to generate P500 billion in indirect economic impact, yield $300 to $500 million in government revenues, and create 10,000 to 15,000 jobs.
READ: Sangley airport construction eyed to start Q3 2027
The airport, a component of the Luzon Economic Corridor initiative, is positioned as a crucial new gateway to help decongest the Ninoy Aquino International Airport (NAIA),
The Philippine delegation assured GMR of the government’s end-to-end support through key initiatives such as the CREATE MORE Act and Green Lane Expedited Processing.
