MANILA, Philippines - A consortium composed of Lucio Tan's MacroAsia Corp. and Chinese state-owned firm China Communications Construction Corp. said Friday they bagged the contract for the Phase 1 of the Sangley Point International Airport project.

In a disclosure to the stock exchange, MacroAsia said the tandem was chosen as a joint venture partner of the Cavite government to implement the project, which has an estimated cost of approximately P208.5 billion.

© Pakistan Press International, source Asianet-Pakistan