Mactan-Cebu Airport Private Takeover In October

Posted on

(Highlight: The public can expect private sector efficiency and more customer-oriented services at the airport beginning in October 2014)

Manila, Philippines – The country’s second-busiest airport will soon begin undergoing a major upgrade, after the Department of Transportation and Communications (DOTC) signed the Concession Agreement for the Mactan-Cebu International Airport with winning consortium GMR-Megawide this morning, 22 April 2014.

The 25-year Concession Agreement was signed following the consortium’s fulfillment of all post-award requirements, including payment to the Mactan-Cebu International Airport Authority (MCIAA) of the P 14.4-Billion premium it offered as its financial bid.

Operations and maintenance (O&M) of the airport will be turned over by MCIAA to GMR-Megawide within the next six (6) months, which means that the public can expect private sector efficiency and more customer-oriented services at the airport beginning in October 2014.

The concessionaire should also begin constructing the new passenger terminal building (PTB) by January 2015, which it should complete in three (3) years, or by January 2018.  This new terminal will be dedicated to international flights and will rise next to the existing PTB, to which it will be connected.

The existing PTB will then be renovated for completion in January 2019, when it will begin to serve the airport’s domestic clientele exclusively.

The project’s contract signing followed the expiration of the 15-day period to file any motion for reconsideration contesting the award, with no bidder having filed such a motion.

Neither has the transport agency received any temporary restraining order (TRO) from the Supreme Court (SC), which would prevent the project from proceeding.  Absent these legal obstacles, the Concession Agreement’s signing has fixed GMR-Megawide’s contractually-defined timelines mentioned above.

Advertisements

Speak your mind!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s