Wazzup Pilipinas!
The country’s second-busiest airport will soon begin undergoing a major upgrade, after the Department of Transportation and Communications (DOTC) signed the Concession Agreement for the Mactan-Cebu International Airport with winning consortium GMR-Megawide this morning, 22 April 2014.
The 25-year Concession Agreement was signed following the consortium’s fulfillment of all post-award requirements, including payment to the Mactan-Cebu International Airport Authority (MCIAA) of the P 14.4-Billion premium it offered as its financial bid.
Operations and maintenance (O&M) of the airport will be turned over by MCIAA to GMR-Megawide within the next six (6) months, which means that the public can expect private sector efficiency and more customer-oriented services at the airport beginning in October 2014.