GMR lowest bidder for Philippines airport

GMR lowest bidder for Philippines airport
Highlights

GMR Group, a leading global infrastructure conglomerate, in consortium with Megawide Construction Corporation has emerged as the preferred bidder in EPC tender for Clark International Airport. Government of Philippines is developing Clark airport through a hybrid model, for which EPC and O&M tenders being issued separately, according to a release.

Hyderabad: GMR Group, a leading global infrastructure conglomerate, in consortium with Megawide Construction Corporation has emerged as the preferred bidder in EPC tender for Clark International Airport. Government of Philippines is developing Clark airport through a hybrid model, for which EPC and O&M tenders being issued separately, according to a release.

Srinivas Bommidala, Chairman (Airports), GMR Group, said: “We’re delighted to have emerged as the preferred bidder for the Clark International Airport EPC. Philippines is a focus market for GMR Group and we are confident that this win will further strengthen our position in Philippines and help us develop a strong base for more airports in South East Asia region.

We are close to completing the construction of the new Terminal at the Mactan Cebu International airport, which will be commissioned in June 2018. With the local supply chain expertise that we have developed over the past couple of years, we are confident that we will be able to deliver Clark international airport project in a cost-effective manner.”

The EPC project scope involves design, construction, testing and commissioning of new terminal with a capacity of eight million passengers per annum. The consortium will construct the integrated terminal along with specified landside facilities such as car parks. The Consortium expects to receive the Notice of Award within one week.

This is the second airport project, which GMR Group will be developing in Philippines along with Megawide Construction Corporation, with the consortium already operating the Mactan Cebu International airport, the second largest airport of Philippines which handles 10 million passengers annually.

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