After missing the last deadline on Sept. 9, MacroAsia said in a stock exchange filing on Thursday the Cavite government allowed the venture to submit the remaining postqualification requirements within 90 days after commercial air travel opens between the Philippines and China.
“This additional extension is granted subject to the firm commitment of the consortium to fully comply with the requirements on or before the new deadline,” the Cavite government said.Once the requirements are approved, MacroAsia-CCCC would be named the Cavite government’s joint venture partner in SPIA.
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