San Miguel to bid for Cebu airport expansion project

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Philippine conglomerate San Miguel Corp (SMC) has confirmed its interest in an airport expansion project at Mactan-Cebu International Airport.

"Yes, we will join in the bidding," says its president and chief operating officer Ramon Ang in a text to Flightglobal.

In a notice on the Philippine Stock Exchange, SMC adds that the company intends to participate in the bidding of all public-private partnership projects of the government, "including airport rehabilitation and other infrastructure projects".

The country's national economic and development authority approved the bidding of a terminal project at Mactan-Cebu in the week ended 2 December. This includes the construction of a new passenger terminal, which will have a capacity to handle 8 million passengers annually, and the operation of the airport's old and new facilities.

No dates have been set for the bidding.

In September, SMC also announced that it is evaluating the feasibility of building a new airport in Manila, together with the Lucio Tan Group. It estimated the cost of the airport to come up to $6 billion.

SMC holds a 49% stake in flag carrier Philippine Airlines and its low-cost partner Air Philippines.