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GMR-Megawide signs concession agreement for Mactan-Cebu International Airport

The Proposed Mactan-Cebu International Airport
(PHOTO) GMR-Megawide Facebook Page
Aviation Updates Philippines - GMR-Megawide signed the concession agreement for the proposed Mactan Cebu International Airport with the Department of Transportation and Communications.

Mactan-Cebu International Airport project, when finished, will be the World's First Resort Airport as GMR-Megawide promised.

Mactan-Cebu International Airport Authorities said that GMR-Megawide completed the post-award requirements for the 25-year concession. This includes MCIAA paying Php14.4-billion as its financial bid.

MCIAA said that it will turn over operations to GMR-Megawide starting October this year.

GMR-Megawide stated that it will start construction by January 2015 and finishing the project by January 2018.

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