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    Home»Press Release»GMR updates on airport project in Philippines
    Press Release

    GMR updates on airport project in Philippines

    Finance KhabarBy Finance KhabarJuly 17, 2020No Comments1 Min Read
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    GMR Megawide Consortium had submitted an unsolicited proposal for decongestion and comprehensive capacity enhancement at Ninoy Aquino International Airport, Manila, Philippines to the Manila International Airport Authority and Department of Transportation on March 1, 2018.

    In a letter dated July 15, 2020, the Manila International Airport Authority (MIAA) – the project implementing agency has granted the GMR Megawide Consortium (comprising of Megawide Construction Corporation 60% and GMR Group 40%), the Original Proponent Status (OPS) for developing the Ninoy Aquino International Airport.

    As per the applicable Build Operate Transfer (BOT) Law, the next steps prior to potentially awarding the project include NEDA Board Approval, Negotiations and Swiss Challenge.

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