News / Investigation opens for Mactan Cebu airport PPP

Investigation opens for Mactan Cebu airport PPP

🕔 February 25, 2014
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Eight congressmen from Cebu, Philippines, have filed a bill arguing a potential conflict of interest and questionable financial capacity and other possible violations on qualification requirements of the preferred bidder for the Mactan-Cebu International Airport (MCIA) expansion project.

A second bill, HR No. 863, asks the Committees on Good Government and on Transportation to jointly inquire into the circumstances surrounding the stalled project.

"The DOTC Pre-Qualification, Bids, and Awards Committee has reportedly delayed awarding the project to any bidder, pending completion of the post-qualification review of the highest bidder for alleged violation of the rule against conflict of interest under the bid rules," lawmakers said.

Senator Osmeña asked his colleagues to join his call to probe the delayed execution of the project, citing his "very serious misgivings" about the GMR Infrastructure Ltd of India, which is partnered with the Filipino-owned Megawide Construction Corporation in bidding for the construction of the new MCIA Passenger Terminal and the renovation of the existing terminal.

Senator Osmeña doesn't seem to be very happy with the financial situation of GMR Infrastructure. He stated:

"It appears that GMR's corporate finances stand on shaky grounds if we are to believe reports from prestigious foreign publications and large financial institutions abroad."

The GMR-Megawide consortium submitted the highest financial bid for the project. The company said they have not violated any bidding rule.

The winning group is expected to run both the new and existing airport terminals for up to 25 years.

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