{"id":276408,"date":"2020-11-23T21:07:59","date_gmt":"2020-11-24T02:07:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=276408"},"modified":"2020-11-23T21:07:59","modified_gmt":"2020-11-24T02:07:59","slug":"gmr-megawide-submits-key-docs-for-p109-b-naia-rehab-bid","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2020\/11\/23\/gmr-megawide-submits-key-docs-for-p109-b-naia-rehab-bid\/","title":{"rendered":"GMR-Megawide submits key docs for P109-B NAIA rehab bid"},"content":{"rendered":"
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FILE: Facade of Terminal 3 of the Ninoy Aquino International Airport. (Photo By Mithril Cloud at English Wikipedia, CC BY-SA 3.0<\/a>)<\/figcaption><\/figure>\n
CEBU CITY<\/strong>\u00a0\u2013 The consortium of Megawide Construction and India\u2019s GMR Infrastructure Ltd., which operates the Cebu airport, announced Monday it has complied with the additional requirements necessary for its PHP109-billion unsolicited proposal to rehabilitate and transform the Ninoy Aquino International Airport (NAIA) into a world-class airport.<\/div>\n
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The submission of additional documents to the Manila International Airport Authority (MIAA), which includes the statement of joint and solidary liability from the Megawide-led consortium as required by the National Economic Development Authority (NEDA), meets a key milestone by the Megawide and GMR partnership towards its goal of starting the long-hoped-for rehabilitation and transformation of the NAIA complex.<\/div>\n
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\u201cThe financial documents we submitted are sufficient to exclusively support the requirements of the NAIA project. With this, we are hopeful our proposal to rehabilitate and transform NAIA into a first-world airport complex can now be elevated to the Cabinet committee for approval and proceed to Swiss challenge,\u201d Louie Ferrer, Megawide\u2019s managing director for transport, said in a statement disclosed to the Philippine Stock Exchange.<\/div>\n
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\u201cInfrastructure investment is critical for our country to build back from the economic crisis caused by the Covid-19 pandemic. We at Megawide are ready to do our part by providing employment and enhancing the Philippines\u2019 competitiveness in infrastructure, especially airports,\u201d he added.<\/div>\n
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Last week, Megawide concluded a successful agreement with the Indian infrastructure giant, with both companies agreeing to undertake the rehabilitation and transformation of NAIA as a partnership.<\/div>\n
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Megawide will hold a controlling 60-percent interest in the partnership while GMR will retain 40 percent, ensuring solid financial capability and delivering an unparalleled global experience in airport design, construction and operations.<\/div>\n
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\u201cOur partnership with GMR is strong. Together, we delivered the transformation of Mactan- Cebu International Airport (MCIA) and the construction of Clark International Airport (CIA). Now, we are hugely excited to deliver a first-world NAIA that uplifts the travel experience for all Filipinos and provides a critical assist to the national government\u2019s efforts to rebuild after the pandemic,\u201d said Edgar Saavedra, Megawide chairman and chief executive officer.<\/div>\n
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GMR is among the world\u2019s leading and largest airport operators, and pre-pandemic managed over 100 million passengers annually, connecting 267 global cities.<\/div>\n
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In September 2020, the world\u2019s largest airport operator, Groupe ADP (Aeroports de Paris) which manages the Parisian international airports Charles de Gaulle, Orly, and Le Bourget, acquired 49 percent of GMR.<\/div>\n
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Megawide looks forward to leveraging GMR and ADP\u2019s global leadership and rich experience in the rehabilitation and transformation of NAIA.<\/div>\n
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\u201cIn partnership with stakeholders, we transformed MCIA as the Philippines\u2019 first world-class airport in decades. A few months ago, we completed the new terminal at CIA, ahead of schedule and under budget. We are the only company in the Philippines with a successful track record in airport infrastructure and together with GMR, we hope to contribute our half a decade of expertise to our country\u2019s main gateway,\u201d Saavedra said.<\/div>\n","protected":false},"excerpt":{"rendered":"

CEBU CITY\u00a0\u2013 The consortium of Megawide Construction and India\u2019s GMR Infrastructure Ltd., which operates the Cebu airport, announced Monday it …<\/p>\n","protected":false},"author":44,"featured_media":207168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-276408","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-carlo-lorenciana","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/276408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=276408"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/276408\/revisions"}],"predecessor-version":[{"id":276409,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/276408\/revisions\/276409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/207168"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=276408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=276408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=276408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}