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Samsung-backed group wins $11bn Philippine airport deal

Project once eyed by China could serve up to 130 million passengers annually

The planned Sangley Point International Airport is aimed at easing pressure on Manila's congested Ninoy Aquino International Airport. (Illustration courtesy of Cavite Provincial Government)

MANILA -- A consortium backed by South Korean and European companies has won an $11 billion airport project in the Philippines that was previously eyed by China, the group announced on Thursday.

The Cavite provincial government on Wednesday awarded SPIA Development Consortium the right to build Sangley Point International Airport, a massive airport intended to ease pressure on Manila's congested Ninoy Aquino International Airport.

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