Sunday, March 04, 2018

GMR submits bid to revamp Manila airport

Hyderabad: The GMR-Megawide consortium that manages the Mactan-Cebu International Airport in the Philippines has submitted a $3-billion proposal to decongest and redevelop the Manila Ninoy Aquino International Airport in Manila.

According to a filing by Megawide with the Philippines Stock Exchange in Manila, the redevelopment proposal involves increasing the capital city’s airport’s capacity to 950-1,000 aircraft movements a day from the present 730 and take the overall passenger handling capacity to 72 million per annum. The Mactan-Cebu International Airport is the second largest airport in the Pacific island nation and is operated by the GMR Group and Megawide in a 40:60 joint venture.

According to the Manila International Airport Authority, the city’s aerodrome handled almost 37 million passengers (domestic and international) in 2017.
04/03/18 Business Line