GMR-Led consortium competes for $3 bn Manila Airport upgrade contract

02 Jan 2024 CW Team

As per local media reports, a consortium led by the GMR Group is actively competing for a $3 billion contract to upgrade and manage the Manila International Airport in the Philippines. The consortium, comprising GMR Airports International BV along with local partners House of Investments Inc and Cavitex Holdings Inc, aims to enhance terminals, expand passenger capacity to over 60 million annually, and implement technological advancements at the Ninoy Aquino International Airport, the country's primary entry point, as outlined by the Philippine Transportation Department. The concession period spans 15 years and is potentially extendable by an additional 10 years.

Rivaling bids for the project include those from the Manila International Airport Consortium, the Asian Airport Consortium, and SMC SAP & Co. The Philippine government is anticipated to reveal the winning bidder in the first quarter of 2024, with a rigorous evaluation of technical qualifications and financial capabilities for all bidders in the upcoming weeks.

The GMR Group is not new to airport operations, currently managing the Mactan Cebu International Airport, the second-largest in the country, in collaboration with the Philippines' Megawide Construction Corp. Additionally, the group oversees operations at Indonesia's Kualanamu International Airport and is in the process of constructing the Crete International Airport in Greece.

On the domestic front, GMR manages airports in Delhi, Hyderabad, and North Goa, while concurrently working on the development of a greenfield international airport in Bhogapuram, Andhra Pradesh. Notably, GQG Partners, led by Rajiv Jain, recently acquired a 4.7 per cent stake worth Rs 16.71 billion in GMR Airports Infrastructure Ltd. earlier this month.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..