The GMR-Megawide consortium that manages the Mactan-Cebu International Airport in the Philippines has submitted a $3-billion proposal to decongest and redevelop the Manila Ninoy Aquino International Airport in Manila.
According to a filing by Megawide with the Philippines Stock Exchange in Manila, the redevelopment proposal involves increasing the capital city’s airport’s capacity to 950-1,000 aircraft movements a day from the present 730 and take the overall passenger handling capacity to 72 million per annum. The Mactan-Cebu International Airport is the second largest airport in the Pacific island nation and is operated by the GMR Group and Megawide in a 40:60 joint venture.
‘37 million passengers’
According to the Manila International Airport Authority, the city’s aerodrome handled almost 37 million passengers (domestic and international) in 2017.
“As an experienced private operator, we have a deep understanding of the problem experienced by the Manila airport and we would like offer our solution. Our team has transformed the New Delhi international airport as one of the top five in the world today,” said Louie Ferrer, a representative of the consortium.
