The Cavite government will explore tax breaks and a franchise from Congress for a planned P500-billion international airport that is being positioned to eventually replace the aging Ninoy Aquino International Airport (Naia) in Manila.
Jesse Grepo, secretary of the local government’s Public Private Partnership selection committee, said on Thursday they remained open to this prospect after a similar bill for San Miguel Corp.’s (SMC) P735-billion “Airport City” in Bulacan advanced this week.
“If possible, why not?” Grepo said in a text message.
He said the Cavite government was waiting for its joint venture partner to submit its final postqualification requirements for the initial …
Keep on reading: For Sangley Airport, Cavite bats for tax breaks similar to SMC’s