GMR Airports to sell stake in Mactan Cebu International Airport to Aboitiz

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GMR Airports to sell stake in Mactan Cebu International Airport to Aboitiz

GMR Airports International said that it has entered into an agreement to sell its stake in the Mactan Cebu International Airport in Lapu-Lapu City, Cebu in the Philippines to Aboitiz InfraCapital for INR 1389.9 crores. The deal involves GMR Airports’ stake in GMR Megawide Cebu Airport Corporation (GMCAC), which is a joint venture between the […]

Malolos–Clark Railway Project : Three more contracts signed for Filipino project

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Malolos–Clark Railway Project : Three more contracts signed for Filipino project

Construction on the Malolos–Clark Railway Project (MCRP) in the Philippines is all set to begin following the awarding of three civil works contracts with a combined price of over $1.7 billion by the Philippines’ Department of Transportation (DOTr). The Malolos–Clark Railway Project is a proposed 53.1 kilometer long railway line between Malolos and Clark economic […]