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GMR-Megawide to submit $4 billion proposal for Cebu airport expansion

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Katrina Domingo, ABS-CBN News

LAPU-LAPU CITY, Cebu - Filipino-Indian consortium GMR-Megawide is set to submit a US$4 billion proposal to build a second runway and a third terminal for the Mactan Cebu International Airport (MCIA), Megawide Chairman Edgar Saavedra said on Thursday, hours after the inauguration of the airport&#x27;s new resort-like terminal 2 here.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/06/07/18/cebu-bets-on-resort-themed-airport-terminal-to-lure-125-million-passengers">Cebu bets on resort-themed airport terminal to lure 12.5 million passengers</a></li></ul>&quot;Now we&#x27;re already at 11 million [passengers per annum]. When you reach 15 million per year [passenger] traffic, typically, you have to plan for the second runway,&quot; Saavedra told ABS-CBN News.The unsolicited proposal is a 9-year project that will be done in 3 phases.Builders will first have to construct an emergency runway on the existing tarmac, then reclaim land where the second runway will be built, Saavedra said.&quot;We have to reclaim land because Mactan is a small island. We do not have enough land,&quot; he said.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/27/18/meet-the-man-behind-the-build-build-build-pageant-question">Meet the man behind the &#x27;Build Build Build&#x27; pageant question</a></li></ul>Once the second runway is built, a third terminal will be constructed to cater to more flights and passengers, he added.In March, the GMR-Megawide partnership submitted a $3-billion proposal for the rehabilitation of the Ninoy Aquino International Airport in Metro Manila.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/01/18/gmr-megawide-submits-3-billion-naia-rehab-plan-to-govt">GMR-Megawide submits $3 billion NAIA rehab plan to gov&#x27;t</a></li></ul>It is competing against a &quot;super consortium&quot; composed of 7 big conglomerates in the Philippines for the rehabilitation of the country&#x27;s main airport in the capital.<ul class="op-related-articles">	<li><a href="http://news.abs-cbn.com/business/03/05/18/gmr-megawide-takes-on-goliath-in-bid-to-rebuild-naia">GMR-Megawide takes on &#x27;Goliath&#x27; in bid to rebuild NAIA</a></li></ul>&quot;Right now, we still don&#x27;t know the direction of the government. If they want to negotiate with the super consortium, then we will just focus on other airports,&quot; Saavedra said.GMR-Megawide is set to refurbish the MCIA&#x27;s Terminal 1, and is bidding for the rehabilitation of Clark airport in Pampanga.&quot;We [Philippines] were left behind in infrastructure in the past 20 years. We have 88 airports here but a lot of them are not in good shape. I think this is the right time for us to build more infrastructure,&quot; Saavedra said.

"Now we're already at 11 million. When you reach 15 million per year [passenger] traffic, typically, you have to plan for the second runway," Megawide Chairman Edgar Saavedra told ABS-CBN News.

"Now we're already at 11 million. When you reach 15 million per year [passenger] traffic, typically, you have to plan for the second runway," Megawide Chairman Edgar Saavedra told ABS-CBN News.

GMR-Megawide to submit $4 billion proposal for Cebu airport expansion

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GMR-Megawide to submit $4 billion proposal for Cebu airport expansion

Katrina Domingo,

ABS-CBN News

Published Jun 07, 2018 09:01 PM PHT

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GMR-Megawide

Mactan Cebu International Airport

Edgar Saavedra

airport

travel

tourism

infrastructure

Megawide

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