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NEWS Last modified on December 16, 2013

Bids submitted to operate and expand Mactan-Cebu International

The consortium of India's GMR Infrastructure and contractor Megawide Construction has submitted the highest bid to operate and expand Philippines' Mactan-Cebu International Airport, according to reports.

Reports claim they submitted a bid of PHP14.4 billion pesos (US$326 million) for the 25-year concession to run the country's second biggest airport, which also includes building a new terminal.

An auction was held on Thursday for the biggest Philippines' public-private partnership (PPP) deal, that has ever been held in the Southeast Asia country.

The government says it will announce sometime in early January in 2014 the winning bidder of the seven groups who have submitted bids.

The Megawide-led offer, was about PHP400 million pesos above the second-place bid led by property-to-banking firm Filinvest Development and Changi Airports Saudi, who offered PHP14 billion pesos.

The SM group’s Premier Airports are said to have offered PHP12.5 billion pesos, while the MPIC-JGS Airport consortium offered PHP11.23 billion pesos.

AAA Consortium, led by the Ayala and Aboitiz groups, offered PHP11.08 billion pesos and the group of San Miguel and Incheon submitted a PHP9.05 billion pesos offer, while the First Philippine Airports offered PHP4.7 billion pesos.

The Megawide and GMR consortium say they aim to build an airport terminal that can accommodate 25 million passengers a year, more than three times the government requirement.

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