GMR-Megawide top bidders for airport in Philippines.

A consortium comprising GMR Infrastructure Ltd. and Megawide Construction Corp of the Philippines has emerged as the highest bidder to develop an airport project in the Southeast Asian country under the public-private partnership (PPP) mode.

The consortium pipped six major players and their partners, including Changi Airports International Pte of Singapore, Zurich Airport and Incheon International Airport Corp of South Korea, by offering a premium on top of the development cost.

HBL