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Cebu airport PPP deal wins award in Singapore
- Source:http://www.pna.gov.ph/index.php?nid=3&rid=864891
- Friday, March 18, 2016
- By Azer N. Parrocha [(PNA), LGI/ANP]
MANILA (PNA) -- The Mactan-Cebu International Airport (MCIA) Public-Private Partnership (PPP) Project has earned top recognition from a foreign magazine, the Public-Private Partnership Center (PPPC) said last Wednesday.
PPPC said that the airport bagged “Best PPP Deal in Asia-Pacific Region” during the IJGlobal Asia Pacific Awards 2015 held in Singapore last March 3.
IJGlobal Infrastructure Journal and Project Finance Magazine recognizes excellence, achievement and innovation in energy and infrastructure finance. It also honors excellence of market participants by naming outstanding public and private sector players in the region.
The awarding body is composed of industry leaders in the various areas of international infrastructure finance.
This is not the first global recognition given to the MCIA PPP Project. Last December 2015, Thomson Reuters’ Project Finance International (PFI) hailed the PPP project. It was also ranked by www.sleepinginairports.net as 18th best airport in Asia through a survey answered by travelers.
At present, upgrades and changes have been in place at the MCIA Terminal 1 including renovated washrooms, and the installation of a greener terminal building and self-service check-in kiosks. Immigration, customs and quarantine counters and new seats have also been improved.
To recall, the government through the Department of Transportation and Communications (DOTC) awarded the PhP17.52 billion MCIA PPP contract to GMR Infrastructure and Megawide Consortium in April 4, 2014.
This contract involves the construction of a new world-class passenger terminal building and operations and maintenance of the existing airport.
DOTC turned over the airport’s operation and maintenance to the private partner in November 1, 2014. President Benigno Aquino III meanwhile led the groundbreaking of the new MCIA terminal building last June 29, 2015.
The construction started in July 2015 and a ceremonial pouring of concrete at the Mactan construction site was held last January this year.