Reach us: 7304553123 / mktg@projectstoday.com
Help
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

GMR-Megawide secures contract for Philippines airport project

Saturday, 05 Apr 2014
Share this on :

GMR Infrastructure and its Filipino partner Megawide Construction Corporation have secured a contract to develop an international airport in Cebu, Philippines.


An order has been awarded by the Department of Transportation and Communications (DOTC). Scope of the work involves construction of a passenger terminal building with a capacity of eight million passengers annually. The scope also envisages renovation and expansion of the old facilities, installation of the required equipment, and operation of both, the old and new facilities.


The project is estimated to cost Peso 17.5 billion (approx Rs 2,339.04 crore).


DOTC awarded the bid after a three month delay, due to issues raised by the second-closest bidder Filinvest Development Corporation over the financial capability of GMR. Filinvest, which sought the disqualification of Megawide-GMR, also alleged there was a violation of the conflict of interest provision.


 

New Password
Confirm Password