• Friday, October 24, 2014

India-backed group wins Philippine airport project

Afp, Manila

A consortium that includes India's GMR Group has won a 17.52-billion-peso ($389.33-million) contract to upgrade the passenger terminal of the Philippines' second airport, the Filipino government said Saturday.
The GMR-Megawide consortium has been awarded a 25-year concession to the Mactan airport that serves the central city of Cebu, the country's second-largest metropolis after Manila, the transportation and communication department said.
"This project should have been done at least a decade ago, so there is no more time to waste," the department's spokesman Michael Arthur Sagcal said in a statement.
Over the next three to four years, GMR and its local partner will renovate Mactan's passenger terminal.

Published: 12:00 am Sunday, April 06, 2014

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