GMR Group firm in race for Philippines airport terminal project

A GMR Group company, along with its Manila-based partner Megawide, is in the race for a $250-million new terminal building project at Clark International Airport in the Philippines, though it will face stiff competition from Chinese and other firms.

According to a statement issued by the nation's department of transportation and Bases Conversion and Development Authority (BCDA), seven firms submitted the bid documents for the design, engineering, and construction of the Clark International Airport new terminal building.

''The firms which submitted the bid documents are China State Construction Engineering Corp Ltd, China Harbour Engineering Co Ltd, Sinohydro Corp. Ltd, the joint venture of Megawide-GMR Infrastructure (Singapore) Pte Ltd, DDT Konstract Inc, R-II Builders Inc and Tokwing Construction Corp,'' BCDA said in a statement on Wednesday.

The technical proposals of the eligible firms will be opened today and it will be subject to thorough evaluation by the SBAC (Special Bids and Awards Committee), it said.

At 10.20 am today, shares of GMR Infrastructure Ltd were trading 1.48 per cent higher up at Rs17.10, while the Sensex rose 0.45 per cent to 32,743.87.