Infrastructure major GMR Group said it has emerged, along with a partner, as the top bidder in a race to construct a new eight-million-passenger airport in Philippines, and expects to get the order in one week.
The company, along with partner Megawide Construction Corporation, submitted the most competitive financial bid, it said.
“Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately,” it said.
The EPC project scope involves design, construction, testing and commissioning of new Terminal with a capacity of eight million passengers per annum.
The consortium will construct the integrated terminal along with specified landside facilities such as car parks.
“This is the second airport project which GMR Group will be developing in Philippines along with Megawide Construction Corporation, with the consortium already operating the Mactan Cebu International airport, the second largest airport of Philippines which handles 10 million passengers annually,” it said.
Srinivas Bommidala, Chairman for the Airports business of GMR said: “We are delighted to have emerged as the preferred bidder for the Clark International Airport EPC.
“Philippines is a focus market for GMR Group and we are confident that this win will further strengthen our position in Philippines and help us develop a strong base for more airports in South East Asia region.”
He also said that GMR is close to completing the construction of the new Terminal at the Mactan Cebu International airport which will be commissioned in June 2018.
“With the local supply chain expertise we have developed over the past couple of years, we are confident that we will be able to deliver Clark international airport project in a cost effective manner.”
GMR is one of the biggest infrastructure and construction companies in India and operates airports in Delhi, Hyderabad and other places.