GMR-Megawide statement on the awarding of Mactan-Cebu airport PPP project :

Statement : GMR-Megawide consortium awarded Mactan-Cebu Airport project

The Department of Transportation and Communications (DOTC) today formally awarded the Mactan-Cebu International Airport rehabilitation, expansion and operation project to the GMR-Megawide Consortium.

In the international bidding process which culminated in December 2013, the GMR-Megawide Consortium had emerged as the highest bidder after submitting a bid of P 14.4 billion.

Following the announcement, the Consortium expressed elation at formally receiving the award.

Michael Cosiquien, Chairman and CEO, Megawide Construction Corporation, said: “We are delighted to be awarded the Mactan-Cebu International Airport project. We firmly believe that the GMR-Megawide Consortium has the right credentials and capabilities to undertake this prestigious project and deliver a world class airport that Cebuanos and Filipinos will be proud of.”

“We would like to thank the DOTC on concluding a fair and transparent bid process in a highly professional manner. We would like to reiterate that the GMR-Megawide Consortium has faithfully observed all requirements set by DOTC and the Pre-qualification Bids and Awards Committee (PBAC) during the course of this bid and now look forward towards a successful undertaking of the project,” he added.

GMR Infrastructure and Megawide Construction will combine their expertise and track record to transform the Mactan-Cebu International Airport into a world-class facility.

Expressing his delight at the award, Srinivas Bommidala, Chairman Airports Sector, GMR Infrastructure Ltd. said: “We believe that our strategic plan will result in the delivery of a very efficient, passenger-oriented and commercially sustainable airport that will provide the required capacity to meet significant growth through the redevelopment of the existing terminal and construction of a brand new terminal within three years. The Mactan-Cebu International Airport will become a regional hub creating passenger and cargo traffic growth, jobs for local community, rise in tourism traffic and multiplier economic benefits to the region. Most importantly, it will be an airport that truly reflects the culture and heritage of Cebuanos.”

The winning group expressed confidence that their proposed design reflects a modern expression of the traditional Filipino architecture and imbibes the cultural ethos of Cebu, without sacrificing efficiency. Going forward, the GMR-Megawide consortium will be closely collaborating with Cebu-based as well as international architects and designers to develop the project.

Megawide is one of the country’s leading construction firms listed at the Philippine Stock Exchange since 2011 while GMR is a leading infrastructure company with diverse businesses across various industries such as airports, energy and urban infrastructure. GMR is the third largest private airport operator in the world in terms of passenger traffic. The airports operated by GMR are rated among the best run airports in the world.

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