Group says it has funds for airport rehab | Inquirer Business
Thursday, August 16, 2018
  • share this

Group says it has funds for airport rehab

/ 06:10 AM November 08, 2014

The consortium of Megawide Construction Corp. and Indian firm GMR vehemently denied accusations that it would increase airport terminal fees at the Mactan Cebu Airport project to bankroll the rehabilitation and upgrading of the airport terminal.

GMR-Megawide Cebu Airport Corp. (GMCAC) responded to accusations made by the Business for Progress Movement (BPM) claiming that the former had no financial capacity to accomplish the project and would cause the public “grave and irreparable injury” once it assumed operation of the airport.

A group of businessmen asked the Supreme Court on Monday to stop a private consortium from undertaking the multibillion-peso expansion and rehabilitation project for the Mactan-Cebu International Airport (MCIA) that the Department of Transportation and Communications awarded last April. FILE PHOTO

 Mactan-Cebu International Airport (MCIA). FILE PHOTO

BPM claimed that the consortium had to increase the passenger service charge (PSC) and other service fees at the airport just to cover expansion and operating costs.


Oliver Tan, GMCAC director, said in a statement issued yesterday: “The accusation that GMCAC is increasing terminal fees to fund expansion and cover operating cost is absolutely not true and malicious. GMCAC is investing an additional P16 billion on top of the P16 billion it spent for the premium or concession rights to fund the construction of Terminal 2.”

“The increase in terminal fee or PSC was part of the concession agreement made by MCIAA (Mactan Cebu International Airport Authority) and the DOTC (Department of Transportation and Communication) to all bidders of the project. It is not a special arrangement or privilege afforded to GMCAC,” said Louie Ferrer, president of GMCAC.

Terminal operations of the Mactan-Cebu Airport were officially handed over to GMCAC last Nov. 1.

GMCAC said it was keen on strengthening Cebu’s position as the country’s most popular destination and had been “making improvements from day 1 of the handover to make the Mactan-Cebu Airport the friendliest gateway.” Doris C. Dumlao

Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Airport rehabilitation, Business, GMCAC, gmr, GMR-Megawide Cebu Airport Corp., Mactan-Cebu airport, Megawide Construction Corp.
For feedback, complaints, or inquiries, contact us.

Tradition makes for the best jewelry–and suitcases

August 17, 2018 07:30 AM


Why I’m obsessed with tinted lip oil

August 17, 2018 07:25 AM


Crystal jewelry brand tries asymmetrical cuts

August 17, 2018 07:20 AM


Stop smoking, it’s OK to gain weight

August 17, 2018 07:16 AM


An answered prayer

August 17, 2018


Lacson: Focus on big-time drug lords

August 17, 2018


GMA allies again rule the roost

August 17, 2018


Dennis Uy acquires 45.13% of ISM

August 17, 2018

© Copyright 1997-2018 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.