GMR-Megawide signs concession agreement for Mactan-Cebu International Airport - Aviation Updates Philippines

Breaking

Apr 25, 2014

GMR-Megawide signs concession agreement for Mactan-Cebu International Airport

The Proposed Mactan-Cebu International Airport
(PHOTO) GMR-Megawide Facebook Page
Aviation Updates Philippines - GMR-Megawide signed the concession agreement for the proposed Mactan Cebu International Airport with the Department of Transportation and Communications.



Mactan-Cebu International Airport project, when finished, will be the World's First Resort Airport as GMR-Megawide promised.

Mactan-Cebu International Airport Authorities said that GMR-Megawide completed the post-award requirements for the 25-year concession. This includes MCIAA paying Php14.4-billion as its financial bid.

MCIAA said that it will turn over operations to GMR-Megawide starting October this year.

GMR-Megawide stated that it will start construction by January 2015 and finishing the project by January 2018.


No comments:

Post a Comment

Please be informed that the comments posted below do not necessarily reflect the views of the blog, Aviation Updates Philippines, its authors, contributors, and the community. Although we have the right to fully exercise the freedom of expression at some extent, we have to use it wisely. Observing proper netiquette is a must.