Manila, Philippines: The consortium of Megawide Construction Corp. and the Indian company GMR vehemently denied accusations that it would increase airport terminal fees at the Mactan Cebu Airport to bankroll the rehabilitation and upgrading of the airport terminal.
GMR-Megawide Cebu Airport Corp. (GMCAC) responded to accusations made by the Business for Progress Movement (BPM) that the former had no financial capacity to accomplish the project and would cause the public “grave and irreparable injury” once it assumed operation of the airport. BPM claimed that the consortium would have to increase the passenger service charge (PSC) and other service fees at the airport just to cover expansion and operating costs.
Oliver Tan, GMCAC director, said in a statement on Friday: “The accusation that GMCAC is increasing terminal fees to fund expansion and cover operating cost is absolutely not true and malicious. GMCAC is investing additional P16 billion on top of the P16 billion it spent for the premium or concession rights to fund the construction of Terminal 2.”
07/11/14 Doris C Dumlao/Philippine Daily Inquirer
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GMR-Megawide Cebu Airport Corp. (GMCAC) responded to accusations made by the Business for Progress Movement (BPM) that the former had no financial capacity to accomplish the project and would cause the public “grave and irreparable injury” once it assumed operation of the airport. BPM claimed that the consortium would have to increase the passenger service charge (PSC) and other service fees at the airport just to cover expansion and operating costs.
Oliver Tan, GMCAC director, said in a statement on Friday: “The accusation that GMCAC is increasing terminal fees to fund expansion and cover operating cost is absolutely not true and malicious. GMCAC is investing additional P16 billion on top of the P16 billion it spent for the premium or concession rights to fund the construction of Terminal 2.”
07/11/14 Doris C Dumlao/Philippine Daily Inquirer
