The project’s concessionaire had been due to start work in January but the date was moved as the project site was not ready.
GMR-Megawide Cebu Airport Corporation (GMCAC) – which is 60% owned by Filipino construction company Megawide Construction and 40% by Bangalore-based GMR Infrastructure – has a 25-year concession agreement to manage and upgrade the airport.
As part of the concession agreement, GMCAC will build a new terminal that will increase the airport’s passenger carrying capacity to 12.5 million a year from the current 4.5 million.
As agreed with the Mactan-Cebu International Airport Authority, the Philippine Air Force will cede control of the land only after affected structures are replicated in another part of the airport complex. Replication, which is being undertaken by contractors Granby Construction and AV Pamatong Construction, will take about 300 days.
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