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Megawide-led consortium submits highest bid for Mactan airport

MANILA, Philippines - GMR Infrastructure and Megawide consortium submitted the highest bid for the Cebu Mactan International Airport deal.

The consortium offered a P14.4-billion premium bid for the Cebu Mactan International airport expansion project.

All other bidders submitted premium bids as well. “A premium bid is when companies pay the government to construct or undertake the project," Department of Transportation and Communications spokesperson and lawyer Michael Arthur Sagcal said during the opening of the financial bids on Thursday, December 12.

7 firms submitted the following financial bids:

The MCIA is the first airport deal under the Private Public  Partnership (PPP) scheme of the Aquino administration.

The project will modernize the country’s 2nd largest airport, and involves the construction of a new international passenger terminal building with an annual capacity of 8 million passengers.

The existing passenger terminal will be expanded to accommodate more passengers as well.

The project will cost P17.5 billion which will be shouldered entirely by the winning bidder.

The entire amount of the financial bid will be given to the government as payment to construct the airport, DOTC Undersecretary Jose Perpertuo Lotilla said.

The Transportation Department’s Special Bids and Awards Committee has 15 days to evaluate the financial proposals.

Awarding of the project is scheduled on January 6, while the signing of the concession agreement will be on February 6.

The winning bidder will have to give the check for the financial bid during the signing of the agreement since “it’s a condition to signing the contract, “ Lotilla said.

The  Cebu airport project is one of the big-ticket items under the PPP program. The program was launched in 2010 to create infrastructure needed to sustain the country's robust  economic growth.