GMR to operate Cebu airport, Philippines

The GMR group said that GMR-Megawide Cebu Airport Corporation (GMCAC), a joint venture between GMR and Megawide Construction Corporation, has taken full operational control of the Mactan Cebu International Airport (MCIA) in Cebu, the Philippines.

GMR Infrastructure Chairman GM Rao said, "The takeover of operations of Mactan Cebu International Airport marks the beginning of a new chapter for GMR Group's airports business. We have proven credentials in airport operations and modernization and we are confident that we will undertake this prestigious project in a timely manner."

As part of the overall master plan, GMCAC will build a brand new terminal building within three years to cater to the growing traffic. GMCAC will also upgrade the existing terminal and enhance operating systems and processes to improve service quality and efficiency.

GMR-Megawide Consortium plans to develop the Mactan-Cebu International Airport into a regional hub in the Philippines, the company said in a statement.