New Delhi: GMR Infrastructure is learnt to have submitted qualification documents for a formal bid for developing 17.5 billion peso (about USD 425 million) Mactan-Cebu International Airport project in Philippines. The request for qualification document has been submitted by GMR in a consortium with local Megawide Construction Corporation ahead of its closing on Monday, sources said.
GMR consortium is competing with 6 other groups, including that of Singapore's Changi Airport International and Switzerland's Zurich Airport International, for qualification. Results of eligible firms for putting final bids are expected in next 15-20 days. GMR spokesperson declined to comment on the matter. Email sent to Megawide Construction remained unanswered.
22/04/13 PTI/Times of India
