GMR Megawide Cebu Airport has started construction of terminal 2 at the Mactan-Cebu International Airport (MCIA) in the Central Visayas region of the Philippines.
A joint venture of India-based GMR Infrastructure and the Philippines-based Megawide Construction, GMR Megawide is building the terminal under a 25-year build operate and transfer (BOT) contract.
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GMR Infra, the designated operator of the airport, has been operating the airport since November 2014.
The total cost of the project is estimated to be around $700m, media reports said.
GMR Group business chairman airports Srinivas Bommidala said: "Given our impressive record of building Delhi airport and Istanbul airports in record time, we are confident that we will open T2 to passengers by mid-2018."
The expansion is expected to boost the airport’s capacity from the current 4.5 million to 15.8 million passengers annually.
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By GlobalData
GMCAC president Louie Ferrer said: "In the past seven months, the existing terminal has undergone many changes which has greatly improved the experience of our passengers.
"The development of Terminal 2 and the expansion of MCIA will allow GMCAC to launch more direct international services to Cebu and expand the number of domestic connections such that Cebu becomes a major gateway into the Philippines."
Image: GMR Megawide is building the terminal at the Mactan-Cebu International Airport under a 25-year build operate and transfer (BOT) contract. Photo: courtesy of Gleb Osokin – Russian AviaPhoto Team.
