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Group says it has funds for airport rehab

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

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.

Posted: November 8th, 2014 in Headlines,Latest Business Stories | Read More »

Megawide-GMR denies hiked terminal fees will fund Mactan airport rehab

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The consortium of Megawide Construction Corp. and India’s GMR Infrastructure Ltd. is the frontrunner for a P17.5-billion deal to operate and expand Mactan Cebu International Airport, the country’s second-busiest air facility. INQUIRER.net FILE PHOTO

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

Posted: November 7th, 2014 in Latest Business Stories | Read More »

DOTC awards controversial Mactan-Cebu airport contract to Megawide-GMR

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megawide

An expanded “world-class” international airport for Cebu, one of the country’s busiest tourism and business hubs, may soon be under way after Department of Transportation and Communications finally awarded the coveted public private partnership contract late Friday.

Posted: April 5th, 2014 in Latest Business Stories | Read More »

MVP, Gokongwei firm up joint venture

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Manuel V. Pangilinan.  INQUIRER file photo

After their game-changing partnership in telecommunications, businessman Manuel V. Pangilinan and tycoon John Gokongwei have formed a new alliance to jointly bid for the P17.5-billion Mactan Cebu International Airport passenger terminal redevelopment project.

Posted: February 25th, 2013 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

MVP eyes foreign partner in Mactan-Cebu bid

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Businessman Manuel V. Pangilinan: Looking for foreign partner

Businessman Manuel V. Pangilinan’s Metro Pacific Investments Corp. (MPIC) is forming a joint venture with a foreign partner to make a strong bid for the Mactan-Cebu international airport project, one of the biggest infrastructure contracts being bid out by the Aquino administration this year.

Posted: January 16th, 2013 in Editor's Pick,Headlines | Read More »

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