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GMR Infra JV Breaks Ground for Mactan-Cebu Airport Terminal 2

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Capital Market

In Philippines

GMR Infrastructure announced that its joint venture with Megawide Construction Corp. of Philippines, GMR Megawide Cebu Airport Corp., broke ground for the construction of Mactan-Cebu International Airport (MCIA) Terminal 2, which is expected to be completed by 2018.

GMR Infra JV won the contract to expand and modernise Macton-Cebu airport on BOT basis for 25 years. GMR Infra is the designated operator for the airport and the Company officially took over the responsibility of operations of the airport on 01 November 2014.

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First Published: Jun 29 2015 | 1:49 PM IST

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