GMR Airports on Monday said that its consortium has completed construction of a new terminal building of Clark International Airport in record time in the Philippines.

The firm, which is GMR Group's airport subsidiary, also said that the building was handed over to Bases Conversion and Development Authority (BCDA).

This is a significant achievement for GMR in the Philippines as it has completed the second project in the Philippines after developing Mactan Cebu International Airport the second largest airport in the country.&nbsp;

The project was a joint venture of GMR Group and Megawide Construction Corporation and was completed in a record time of 24 months, beating all odds of the coronavirus pandemic.&nbsp;

GMR says that it is one of the fastest completed projects in the country and the first project of the Philippines government under the Hybrid Public-Private partnership (PPP) framework.

With the new terminal building of 112,000 square metres, the airport will able to handle around 8 million passengers per annum (MPPA) from the present 4 MPPA.&nbsp;

The parking area of the newly constructed passenger terminal building can accommodate nearly 4,500 vehicles.&nbsp;

The building also has 48 check-in counters.&nbsp;

"We feel proud to be part of President Duterte's 'Build-Build-Build Program' through the development of Clark Airport and would very keen to further contribute in growth of aviation sector of the country through more projects. We are delighted to have been able to complete the new passenger terminal building in a record time of 24 months and hand over to BCDA successfully," Srinivas Bommidala, Chairman, Energy &amp; International Airport

GMR Airports on Monday said that its consortium has completed construction of a new terminal building of Clark International Airport in record time in the Philippines.

GMR Airports on Monday said that its consortium has completed construction of a new terminal building of Clark International Airport in record time in the Philippines. The firm, which is GMR Group's airport subsidiary, also said that the building was handed over to Bases Conversion and Development Authority (BCDA). This is a significant achievement for GMR in the Philippines as it has completed the second project in the Philippines after developing Mactan Cebu International Airport the second largest airport in the country. The project was a joint venture of GMR Group and Megawide Construction Corporation and was completed in a record time of 24 months, beating all odds of the coronavirus pandemic. GMR says that it is one of the fastest completed projects in the country and the first project of the Philippines government under the Hybrid Public-Private partnership (PPP) framework. With the new terminal building of 112,000 square metres, the airport will able to handle around 8 million passengers per annum (MPPA) from the present 4 MPPA. The parking area of the newly constructed passenger terminal building can accommodate nearly 4,500 vehicles. The building also has 48 check-in counters. "We feel proud to be part of President Duterte's 'Build-Build-Build Program' through the development of Clark Airport and would very keen to further contribute in growth of aviation sector of the country through more projects. We are delighted to have been able to complete the new passenger terminal building in a record time of 24 months and hand over to BCDA successfully," Srinivas Bommidala, Chairman, Energy & International Airport

GMR Airports completes new building of Clark International Airport in record time

A consortium of the Philippines&#39; Megawide Construction Corp and India&#39;s GMR Infrastructure Ltd has emerged as the front-runner to upgrade an airport north of Philippine capital Manila, bid authorities said on Thursday.

The expansion of Clark International Airport, one of the Philippines&#39; busiest airports, is part of President Rodrigo Duterte&#39;s $180 billion infrastructure spending plan.

The government previously approved five bidders for the project, saying it would favour contractors that could expand the airport at the lowest cost.

The bids were made public on Thursday and showed the lowest-cost offer was from Megawide and GMR. The pair estimated the cost of a new terminal building at 9.36 billion pesos ($185.77 million), 25 percent below the government-set ceiling of 12.5 billion pesos.

The other bidders are China State Construction Engineering Corp Ltd, China Harbour Engineering Co Ltd, Sinohydro Corp Ltd, and a consortium of Tokwing Construction Corp and China Machinery Engineering Corp.

&quot;All the financial bids that were opened today will be subjected to further review, evaluation and verification,&quot; Joshua Bingcang, chairman of the Special Bids and Awards Committee, told reporters.

The expansion will ease congestion at a perennially over-stretched airport from which flights frequently run late. 
Construction is scheduled to begin later this month, with commercial operations starting in 2020.

The Philippines has one of the world&#39;s fastest-growing economies. The government is overhauling the country&#39;s ageing infrastructure to create jobs, boost competitiveness and attract foreign firms.

Duterte has promised to usher in a golden age of infrastructure and is seeking foreign investment to modernise and build airports, roads, railways and ports.

The expansion of Clark International Airport, one of the Philippines' busiest airports, is part of President Rodrigo Duterte's $180 billion infrastructure spending plan.

A consortium of the Philippines' Megawide Construction Corp and India's GMR Infrastructure Ltd has emerged as the front-runner to upgrade an airport north of Philippine capital Manila, bid authorities said on Thursday. The expansion of Clark International Airport, one of the Philippines' busiest airports, is part of President Rodrigo Duterte's $180 billion infrastructure spending plan. The government previously approved five bidders for the project, saying it would favour contractors that could expand the airport at the lowest cost. The bids were made public on Thursday and showed the lowest-cost offer was from Megawide and GMR. The pair estimated the cost of a new terminal building at 9.36 billion pesos ($185.77 million), 25 percent below the government-set ceiling of 12.5 billion pesos. The other bidders are China State Construction Engineering Corp Ltd, China Harbour Engineering Co Ltd, Sinohydro Corp Ltd, and a consortium of Tokwing Construction Corp and China Machinery Engineering Corp. "All the financial bids that were opened today will be subjected to further review, evaluation and verification," Joshua Bingcang, chairman of the Special Bids and Awards Committee, told reporters. The expansion will ease congestion at a perennially over-stretched airport from which flights frequently run late. Construction is scheduled to begin later this month, with commercial operations starting in 2020. The Philippines has one of the world's fastest-growing economies. The government is overhauling the country's ageing infrastructure to create jobs, boost competitiveness and attract foreign firms. Duterte has promised to usher in a golden age of infrastructure and is seeking foreign investment to modernise and build airports, roads, railways and ports.

India's GMR front-runner in Manila airport expansion bid

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GMR Airports completes new building of Clark International Airport in record time

India's GMR front-runner in Manila airport expansion bid