MACTAN, Cebu: Emerging as the best bidder for the operation and refurbishing of the Mactan-Cebu International Airport (MCIA), the Megawide-GMR consortium dismissed allegations it is financially unstable and vowed to transform the central Philippine airport into a world-class facility worthy of the province’s rich heritage.
Megawide-GMR has submitted the highest bid of P14.4-billion as upfront payment to the Philippine government for the right to carry out and operate the MCIA project. On top of that, the consortium said it is also investing P17.5 billion for the construction of new and additional structures for the airport complex.
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