07 April 2014
The much awaited awarding of the 7th PPP project under the Aquino administration finally pushed through after months of intense deliberation. The 17.5 Billion Mactan Cebu International Airport project of the Department of Transportation and Communications was awarded to the consortium of Megawide Construction Inc. and GMR Infrastructure which gave the highest bid for the project at Php14.404 Billion, besting AAA Airport Partners, Filinvest-CAI Consortium, First Philippine Airports, MPIC-JGS Airport Consortium, SM-led Premier Airport Group and San Miguel Incheon-Airport Consortium.
Public-Private Partnership Center Executive Director Cosette V. Canilao expressed satisfaction over the awarding of the MCIA to the Megawide-GMR consortium. â€śThis is indeed very good news for the PPP program. Amidst all the controversies that surrounded the MCIA project, government stood its ground and upheld the rules that guided the bidding process. In the end, it is very clear that government acted with transparency and impartiality.â€ť
â€śThe interest of both the public and that of our private partners were equally upheld. We are certainly proud of that achievement. This sends a clear signal to our investors that if you do business in the Philippines you are certain to get a square deal,â€ť Canilao added.
The Notice of Award (NOA) was issued to the Megawide-GMR consortium last Friday, April 4 after the DOTCâ€™s Project Bids and Awards Committee handed downÂ its decision. According to the amended BOT Law, as soon as the NOA is issued, the winning project proponent has 20 days to submit several requirements to the Implementing Agency (IA).
The MCIA project is the first airport project of the DOTC and is set to modernize the current airport in Cebu with the construction of an international passenger terminal building at the same time expanding the existing passenger terminal. The modernization of the MCIA will address the growing influx of passengers of the countryâ€™s second busiest airport next to the Ninoy Aquino International Airport.