The Mactan-Cebu International Airport (MCIA) Terminal Passenger Building, has received another international recognition from a reputable press institution.
This is the Aquino administration’s first airport Public-Private Partnership (PPP) project.
Thomson Reuters’ Project Finance International (PFI) hailed the PPP project that was awarded to GMR Infrastructure and Megawide Consortium as the “2015 Best Transport Deal” in Asia-Pacific (APAC) last December 2015.
According to its website, PFI is the leading source of global project finance intelligence. The awarding ceremony will be held this coming February in London.
The PPP project involves the construction of a new world-class passenger terminal building.
The government turned over the operation and maintenance to the private partner last Nov. 1, 2014. Its construction started in July 2015.
Since the project was turned over to the private partner, there are various upgrades and changes that have been implemented: greener terminal building with new seats, washrooms are being renovated, new self-service check-in kiosks have been installed, new immigration, customs and quarantine counters are in place, among others.
To date, the government has awarded 12 PPP projects with an estimated total cost of US$ 4.83 billion.