Metro Pacific Investments Corporation (MPIC) is currently studying the bidding documents for the redevelopment of the $10 billion Sangley Point International Airport project in Cavite.

“We already bought the bidding documents and we will take a serious look at it,” MPIC Chairman Manuel V. Pangilinan recently told reporters in a chance interview.

“I think if we decide to proceed then we will talk with potential partners,” Pangilinan added.

In a recent interview, Cavite Governor Jonvic Remulla said the provincial government would own the land where the airport will be redeveloped. It will include a reclamation component of about 1,500 hectares.

The chosen joint venture partner will then lease the property from the government and build the airport facility.

The first phase of the airport will cost around $3 billion and can be completed as early as 2022.

Upon full completion, Sangley Point International Airport will have four runways and an annual capacity of 100 million passengers.

In a recent disclosure, MPIC said airport rehabilitation projects near the capital “are of interest” since it will help decongest the Ninoy Aquino International Airport (NAIA).

“MPIC is part of a consortium that is trying to reach an agreement with the Government on the rehabilitation and further improvement of NAIA. In this context, all airport projects serving the greater National Capital Region including Sangley Airport are of interest,” the disclosure read.

MPIC is also part of a “super consortium” that submitted an unsolicited proposal to rehabilitate NAIA together with Aboitiz InfraCapital, AC Infrastructure Holdings Corp, Alliance Global Group, Asia’s Emerging Dragon Corp, Filinvest Development Corp, and JG Summit Holdings.