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GMR Group-Megawide consortium emerges as preferred bidder

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Capital Market
Last Updated : Dec 15 2017 | 9:31 AM IST

In Philippines

GMR Group in consortium with Megawide Construction Corporation has emerged as the preferred bidder for Clark International Airport EPC tender having submitted the most competitive financial bid. Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

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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First Published: Dec 15 2017 | 9:11 AM IST

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