GMR -Megawide to manage Philippines intl airport.

GMR-Megawide Cebu Airport Corporation (GMCAC) a joint venture between GMR Group and Megawide Construction Corporation has taken full operational control of the Mactan Cebu International Airport (MCIA), Philippines.

This marks a key milestone for GMCAC in its journey to transform MCIA into a world class airport. This is also an important landmark for Philippines as the MCIA is the country’s first airport to be privatised under the administration’s ambitious PPP programme aimed at modernising key infrastructure assets.

In the international competitive bidding process GMR-Megawide Consortium had emerged as the highest bidder after offering a bid premium of 14.4 billion Philippine Pesos. The formal award of the project in April was followed by a six-month transition period to complete project formalities leading to the transfer of operations to GMCAC.

As part of the overall master plan, GMCAC will build a brand new terminal building within three years to cater to the growing traffic. At the same time, the immediate priority will be to upgrade the existing terminal and enhance operating systems and processes to improve service quality and efficiency.

Alongside, GMCAC will lay adequate emphasis on corporate social responsibility and work towards socio-economic development in the surrounding region.


HBL