GMR Mactan Cebu International Airport - Philippines
The Mactan Cebu International Airport (MCIA) is the gateway to the Visayas and Mindanao regions in the Philippines. The airport is the second busiest airport in the Philippines and caters to rapidly growing passenger traffic comprising of tourists and business travelers.
As part of its focus on developing infrastructure through Public Private Partnership process, the Government of the Republic of Philippines initiated an international competitive bidding process in December 2012 for the management and development of MCIA. In December 2013 GMR Infrastructure in partnership with Megawide Construction Corporation of Philippines emerged as the highest bidder after offering a bid premium of 14.4 billion Philippine Pesos (approximately US$ 320 million).
As per the concession agreement signed between GMR Megawide Consortium (GMCAC) and Department of Transportation and Communication (DOTC), GMCAC has taken full operational control from 1 November 2014 for renovation & modernization of MCIA. According to the agreement, GMR Megawide Consortium will operate the airport for a period of 25 years (commencing 1 November 2014).