7 groups qualify for opening of Cebu airport financial bids

The groups hurdle DOTC's technical evaluation

MOVED. The opening of the financial bids for the P17.5-B Cebu airport deal has been moved to an earlier schedule. Photo courtesy of the PPP Center

MANILA, Philippines – The financial bids of the 7 prequalified bidders for the P17.5-billion Mactan-Cebu International Airport expansion project will be opened Thursday, December 12, the Department of Transportation and Communications (DOTC) said.

In a text message to reporters on Wednesday, December 11, DOTC Spokesperson Atty. Michael Arthur Sagcal said all 7 groups hurdled the technical evaluation of the agency. They include:

  • GMR Infrastructure and Megawide consortium
  • Metro Pacific Investments Corporation and JG Summit Holdings 
  • Filinvest-CAI Airport consortium
  • Premier Airport Group of SM Group
  • Lopez group’s First Philippine Airports
  • San Miguel Corporation-Incheon Airport consortium
  • AAA Airport Partners of Ayala Group and Cebu-based Aboitiz Land

The Cebu airport project is one of the big-ticket items under the Aquino administration’s Public-Private Partnership (PPP) program. The program was launched in 2010 to create much-needed infrastructure that will help sustain the country’s fast economic growth.

The project was one of the 7 PPPs approved by National Economic and Development Authority board on November 21.

The project seeks to modernize the country’s second-largest airport. It involves the construction of a new international passenger terminal building with annual capacity of 8 million passengers. It also involves the expansion of the existing terminal building that has been operating over capacity since 2001. – Rappler.com

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