Consortium Backed By Billionaire Lucio Tan’s MacroAsia Wins $11 Billion Philippine Airport Project

A consortium that includes billionaire Lucio Tan ’s MacroAsia and partners from the Philippines, South Korea and Europe has been awarded the $11 billion contract to build an international airport south of Manila that could help ease congestion at the country’s main gateway. The new airport will be built at Sangley Point, a former U.S.…