Philippine
The GMR-Megawide Consortium paid Philippine pesos 14.4 billion (approximately $320 million) as upfront premium for award of the concession of the Mactan Cebu International Airport to the Mactan Cebu International Airport Authority, the Philippines. With this, demonstrating its commitment towards the project the GMR-Megawide consortium has fulfilled its first major obligation well within the stipulated [...] Continue Reading »
The GMR group which grabbed the bid for the Mactan Cebu international airport project in the Philippines is facing problems as a petition has been filed against them in the country’s Supreme Court to scrap the deal. Mr. Serge R Osmeña III, a Philippine politician, says that GMR group broke the bid rules that barred [...] Continue Reading »
