Mactan-Cebu International Airport, the country’s second busiest airport, will soon undergo a major upgrade following the signing yesterday of a 25-year Concession Agreement between the Department of Transportation and Communications (DOTC) and winning consortium GMR-Megawide.

The Concession Agreement was signed as GMR-Megawide fulfilled all post-award requirements, including payment to the Mactan-Cebu International Airport Authority (MCIAA) of the P14.4-billion premium it offered as its financial bid.

The airport’s operations and maintenance (O&M) will be turned over by MCIAA to GMR-Megawide within the next six months.

This means the public can expect private sector efficiency and more customer-oriented services at the airport beginning in October 2014.

GMR-Megawide should also begin constructing the new passenger terminal building (PTB) by January 2015, which it should complete in three years, or by January 2018.

This new terminal will be dedicated to international flights and will rise next to the existing PTB, to which it will be connected.

The existing PTB will then be renovated for completion in January 2019, when it will begin to serve the airport’s domestic clientele exclusively.

 

23 April 2014