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Megawide inaugurates P17.5-billion Cebu terminal

Cebu City―GMR Megawide Cebu Airport Corp. on Thursday inaugurated the P17.5-billon Mactan-Cebu International Airport Terminal 2, dubbed as the country’s first resort airport.

“For the past years, MCIA’s demand has exceeded the physical capacity of its terminal. With the addition of Terminal 2, not only will be able to sustainably cope with the steadily increasing number of passengers, we will also be able to open Cebu to more international flights,” GMCAC president Louie Ferrer said.

“We are committed to delivering a world-class travel experience to the public with our signature Filipino warmth,” he said.

The MCIA Terminal 2 will start commercial operations on July 1.  It will cater to international flights, while the existing Terminal 1 will handle domestic flights. The terminal building has a capacity of about 13 million passengers annually.

“Terminal 2 is a testament of GMR Group’s credentials as a leading global airport developer and operator. We are optimistic about the Philippines growth story, specifically in aviation, and look forward to contributing further to its ongoing ‘Build, Build, Build’ program,” GMAC chairman Srinivas Bommidala said.

The MCIA, the gateway to the Visayas and Southern Philippines, is currently handling 5.9 million passengers a year, beyond its capacity of 4.5 million passengers.

GMR-Megawide Consortium also won a 25-year concession agreement in December 2013 that involved the renovation of Terminal 1 of Mactan Cebu airport and the design, financing, construction and operation of a second terminal. 

It submitted the highest bid of P14.4 billion. 

Project funding for MCIA was completed in 2014 through a consortium of led by BDO Capital and Investment Corp. and the Asian Development Bank.

The consortium also won the engineering, procurement and construction contract for the Clark International Airport new terminal building. 

Megawide-GMR submitted the lowest financial proposal for the airport expansion project at P9.36 billion on Dec. 14.

The new terminal building broke ground on Dec. 20, 2017 at Clark Civil Aviation Complex in Pampanga. The new terminal will accommodate an additional eight million passengers a year.

Clark International Airport is envisioned to become Asia’s next premier gateway and is expected to help decongest Ninoy Aquino International Airport. 

Clark airport currently has an annual capacity of four million passengers. Airlines operating in Clark include Qatar Airways, Cebu Pacific, Tigerair, Jin Air, Asiana Airlines, Dragon Air, AirAsia Berhad, Philippine Airlines and Emirates Airlines. 

These airlines mount flights to Hong Kong, Singapore, Bangkok, Macau, Pudong, Incheon, Doha, Dubai, Davao, Cebu, and Kalibo. 

Topics: GMR Megawide Cebu Airport Corp. , Mactan-Cebu International Airport Terminal , Louie Ferrer
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