 "GMR Infra")
The GMR-Megawide consortium that manages the Mactan-Cebu international airport in the Philippines has submitted a $3-billion proposal to decongest and redevelop the Ninoy Aquino international airport in Manila.
According to a regulatory filing by Megawide to the Philippines Stock Exchange in Manila, the $3 billion redevelopment proposal involves increasing the capital city's airport's capacity to 950-1,000 aircraft movements a day from the present 730 movements and take the overall passenger handling capacity to 72 million per annum.
The Mactan-Cebu international airport is the second largest airport in the Pacific island nation and is operated by the GMR Group and Megawide
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