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Mactan-Cebu Airport: a new terminal, and strong international growth

Analysis

Mactan-Cebu International Airport has emerged as a major gateway to the Philippines, more than doubling international passenger traffic over the past four years. The airport is poised for more rapid international growth following the opening of a new international terminal.

Mactan-Cebu opened Terminal 2 in Jul-2018, expanding the airport's capacity from 4.5 million to 12.5 million annual passengers. Mactan-Cebu was previously operating well above capacity, handling 10 million passengers in 2017. The existing terminal is now being used for domestic operations, which have also been growing rapidly in recent years, while all international flights have been relocated to Terminal 2.

The airport was privatised in late 2014, when a joint venture consisting of India's GMR and the Philippine company Megawide Construction took over operations and committed to building the second terminal. Construction of the 65,500 metres terminal began in Jul-2015 and was completed in just three years.

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