Marcos backs GMR investment in Sangley airport

President Ferdinand Marcos Jr. has expressed full support for Indian conglomerate GMR Group’s plans to invest in the Philippines, particularly in the Sangley Point International Airport project in Cavite.

In a meeting held last week in New Delhi, Marcos sat down with GMR Group’s Business Chairman for Energy and International Airports Srinivas Bommidala to discuss potential investment opportunities in the country.

GMR Group, known globally for its airport and infrastructure ventures, has signified strong interest in participating in the development of Sangley Point International Airport – a key infrastructure project aimed at easing congestion at Ninoy Aquino International Airport and boosting regional connectivity.

Also present during the discussions were other top executives of GMR Group, as well as representatives of Cavitex Holdings, Inc. of the Virata family and the House of Investments of the Yuchengco Group. Both local firms are part of the consortium behind the Sangley project.

The meeting forms part of the administration’s continuing drive to attract foreign investors into major infrastructure projects under the public-private partnership scheme, a strategy seen as critical in meeting the country’s long-term economic and transportation goals.