Indian consortium likely to run Cebu airport
India’s GMR Infrastructure, operator of the New Delhi and Hyderabad airports, and Philippine-based contractor Megawide Construction Corp are the likely winners of an airport terminal tender worth up to $400 million, the biggest so far under the Philippines’ public-private partnership programme.
The consortium beat six others including the country’s top conglomerates at an auction on December 10, offering a the highest bid of 14.4 billion pesos ($327 million) for the 25-year concession to operate central Philippines’ Mactan-Cebu International Airport – the country’s second-biggest – and build one of its terminals.
However, the Department of Transportation and Communications (DOTC) still has to evaluate the financial proposals before announcing the winning bid.
The six other bids submitted are:
- Filinvest – CAI consortium which includes the operator of Singapore’s Changi airport; (P13.99 billion);
- Premier Airport group led by SM Investments Corp., Citadel Holdings Inc. and the operator of Zurich (Switzerland) airport (P12.5 billion).
- Metro Pacific Investments Corp. – JG Summit airport consortium (P11.23 billion)
- AAA Airport Partners led by the Ayala and Aboitiz groups (P11.08 billion);
- San Miguel Corp. – Incheon Airport consortium (P9.05billion);
- First Philippine Airports consortium led by First Philippine Holdings Corp. and Malaysia Airport Holdings (P4.7 billion)
Megawide and GMR said they aim to build an airport terminal that can accommodate 25 million passengers a year, more than three times the government requirement. However, the plan would depend on developments in the tourism industry and the security situation in the region.
India's GMR Infrastructure, operator of the New Delhi and Hyderabad airports, and Philippine-based contractor Megawide Construction Corp are the likely winners of an airport terminal tender worth up to $400 million, the biggest so far under the Philippines' public-private partnership programme. The consortium beat six others including the country's top conglomerates at an auction on December 10, offering a the highest bid of 14.4 billion pesos ($327 million) for the 25-year concession to operate central Philippines' Mactan-Cebu International Airport - the country's second-biggest - and build one of its terminals. However, the Department of Transportation and Communications (DOTC) still has...
India’s GMR Infrastructure, operator of the New Delhi and Hyderabad airports, and Philippine-based contractor Megawide Construction Corp are the likely winners of an airport terminal tender worth up to $400 million, the biggest so far under the Philippines’ public-private partnership programme.
The consortium beat six others including the country’s top conglomerates at an auction on December 10, offering a the highest bid of 14.4 billion pesos ($327 million) for the 25-year concession to operate central Philippines’ Mactan-Cebu International Airport – the country’s second-biggest – and build one of its terminals.
However, the Department of Transportation and Communications (DOTC) still has to evaluate the financial proposals before announcing the winning bid.
The six other bids submitted are:
- Filinvest – CAI consortium which includes the operator of Singapore’s Changi airport; (P13.99 billion);
- Premier Airport group led by SM Investments Corp., Citadel Holdings Inc. and the operator of Zurich (Switzerland) airport (P12.5 billion).
- Metro Pacific Investments Corp. – JG Summit airport consortium (P11.23 billion)
- AAA Airport Partners led by the Ayala and Aboitiz groups (P11.08 billion);
- San Miguel Corp. – Incheon Airport consortium (P9.05billion);
- First Philippine Airports consortium led by First Philippine Holdings Corp. and Malaysia Airport Holdings (P4.7 billion)
Megawide and GMR said they aim to build an airport terminal that can accommodate 25 million passengers a year, more than three times the government requirement. However, the plan would depend on developments in the tourism industry and the security situation in the region.
