Mott MacDonald has begun monitoring construction of the Mactan Cebu International Airport public-private partnership (PPP) project in the Philippines. The consultancy previously acted as lenders’ technical advisor during the project’s financing, which reached financial close at the end of 2014.
The concession comprises the operation and improvement of the existing Terminal 1 and the construction of a new international terminal to be known as Terminal 2. It also includes associated landside development and aprons to support both terminals. Traffic at the airport is forecast to grow from seven million passengers in 2013 to over 25 million by the end of the concession period.
Mott MacDonald evaluated the condition of the airport’s existing assets and reviewed the proposed design, environmental aspects, operation and maintenance, capital and operating expenditure and financial model of the proposed two terminal project. The consultancy also produced independent traffic and revenue forecasts, which included a full set of government and private stakeholder interviews at local, regional, national and international levels.
Ian Guy, Mott MacDonald’s project director, said: “The Philippine government has embarked on an ambitious new PPP programme for infrastructure deals across numerous sectors. Mactan Cebu International Airport serves as the country’s first successful airport PPP in this programme.”