Megawide, India's GMR to win Philippine airport deal
Group is top bidder to run Mactan-Cebu airport for 25 years and build a terminal
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[MANILA] India's GMR Infrastructure Ltd and contractor Megawide Construction Corp are the likely winners of a US$400 million airport terminal tender, 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 yesterday, offering a premium of 14.4 billion pesos (S$408 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.
The project is a test of the government's resolve to boost economic growth through public-private partnerships (PPP) in infrastructure, following delays in previous high-profile tenders that have raised doubts about the scheme's effectiveness.
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