<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=GMR+Group" target="_blank">GMR Group</a> on Tuesday said the Supreme Court of Philippines has dismissed two petitions against its Mactan-Cebu airport project, clearing the way for modernizing the country’s second-busiest airport.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=GMR+Group" target="_blank">GMR Group</a> on Tuesday said the Supreme Court of Philippines has dismissed two petitions against its Mactan-Cebu airport project, clearing the way for modernizing the country’s second-busiest airport.
Senator Sergio Osmeña III and the Business for Progress Movement had separately moved court after Philippines awarded the project to a consortium of GMR Infrastructure and Megawide Construction Corp. (MCC) in 2014. The consortium was to expand and modernize the airport on a build-operate-transfer basis for 25 years.
Citing lack of merit, the Supreme Court decision, endorsed by Chief Justice of Philippines rejected the senator’s April 2014 petition to stop the award of the contract, GMR said in a statement.
It also denied a separate petition by the Business for Progress Movement citing lack of legal and factual bases.
“The Philippines apex court’s decision, which was announced by the Supreme Court Public Information Office, clears any overhang that existed on GMR led consortium and paves the way for expeditious implementation of the modernisation and expansion project for Cebu airport,” the GMR group company said.
“There being no violation of any law, regulation or the bidding rules, nor any arbitrariness or unfairness committed by public respondents, the presumption of regularity of the bidding for the MCIA Project must stand,” the statement said, quoting the decision.
GMR said the decision clears any confusion or misconception about the process of airport modernization.
“This decision reinforces our position as a credible and financially strong airport operator. The decision will also boost the confidence of foreign investors in the PPP (public-private partnership) program of the government of Philippines and comes at an opportune time when five regional airports are being bid out, in which GMR is also participating,” GMR said.
The order also provides a boost to the GMR-Megawide consortium which is in the race to bid for five regional airports in Philippines.
GMR Megawide Cebu Airport Corp. (GMCAC), which runs the airport, is a Philippine company formed from the consortium comprising the GMR Group of India and MCC of the Philippines under a partnership with the government.
GMCAC will rehabilitate and manage terminal operations at the MCIA, including the construction of a second, bigger terminal, T2.
The company took over the management of the MCIA passenger terminal and related areas on 1 November 2014.
GMR Group developed and operates India’s busiest Indira Gandhi International Airport in New Delhi and greenfield Rajiv Gandhi international airport at Hyderabad.
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GMR Group on Tuesday said the Supreme Court of Philippines has dismissed two petitions against its Mactan-Cebu airport project 

Philippines Supreme Court upholds award of Cebu airport project to India's GMR

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Philippines Supreme Court upholds award of Cebu airport project to India's GMR

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