₱6.5 billion investment on PH airport road project expected from 4 companies

ABS-CBNNews.com reports that the four companies granted licenses to build, own and operate integrated resorts at the government’s Entertainment City expected to invest up to P6.5 billion "to fund an elevated road project that would link the airport to the 100-hectare Las Vegas-style casino complex."

ABS-CBNNews.com reports that the four companies granted licenses to build, own and operate integrated resorts at the government’s Entertainment City-Andrew Tan's Alliance Global, Enrique Razon's Bloomberry Resorts, Japanese tycoon Kazuo Okada and taipan Henry Sy's Belle Corp.-are expected to invest up to P6.5 billion "to fund an elevated road project that would link the airport to the 100-hectare Las Vegas-style casino complex."

 

The report quoted Philippine Amusement and Gaming Corp. (PAGCOR) chairman and chief executive officer Cristino Naguiat Jr., who said that "the amount would be split among the four investor-groups but to be coursed through Pagcor as the proponent of the Entertainment City."

 

For more on this story, log on to ABS-CBNNews.com.

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