Home > > China-backed group loses $10 billion Philippine airport project

China-backed group loses $10 billion Philippine airport project

01/27/2021| 9:50:29 PM|

CCCC was among the Chinese firms blacklisted by the United States in August for their roles in constructing and militarizing artificial South China Sea islands.

A Philippine province has canceled its award of a $10 billion airport deal south of the capital, among the biggest projects involving a Chinese firm under President Rodrigo Duterte who has pursued warmer ties with Beijing since taking office in 2016.

China Communications Construction Co (CCCC) and Philippines company MacroAsia Corp won the auction in 2019 to partner with the Cavite provincial government to upgrade the Sangley airport.

"The notice of selection and award for the Sangley Point International Airport Project issued on 12 February 2020 was canceled," MacroAsia told the stock exchange on Wednesday.

Cavite Governor Juanito Victor Remulla told Reuters the consortium's documentation was "deficient in three or four items".

The Cavite government would start new negotiations for a private sector partner to pursue the airport project, he said in a Facebook post.

CCCC was among the Chinese firms blacklisted by the United States in August for their roles in constructing and militarizing artificial South China Sea islands.

Remulla said the blacklisting had nothing to do with the cancellation.

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TAGS: Philippine | China Communications Construction | airport project
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