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President Ferdinand R. Marcos Jr. convened a high-level meeting with key officials of the GMR Group at the Taj Mahal Hotel in New Delhi, India. The agenda dwelled on the development and prospects of the Sangley Aerocity Project in Cavite, where GMR Group is a strategic ally.
The Sangley Aerocity Project entails building a world-class international airport and its surrounding aerotropolis, which is in line with the top priority of the Philippine government to increase infrastructure development and foreign investment. The ambitious project, which costs an estimated US$3–4 billion, is seen to raise US$300–500 million as direct revenue and provide 10,000 to 15,000 new jobs.
GMR Group, an Indian multinational conglomerate established in 1978 by Grandhi Mallikarjuna Rao, is renowned for its huge experience in infrastructure, such as airports, energy, transport, and urban development. With operations across the world on a public-private partnership basis, GMR’s entry has been considered an important addition in the development of Sangley as a regional aviation and commercial center.
Courtesy: Embassy of Philippine Facebook Page.