10-Sep-2012 11:15 AM

Ayala and Aboitiz to bid for Cebu Mactan Airport contract

Philippines' Ayala Corporation and Aboitiz Equity Ventures signed (10-Sep-2012) an agreement to form a JV to bid for the PHP10 billion (USD240.4 million) contract to develop and operate Cebu Mactan International Airport. Philippines' Government is expected to announce the commencement of bidding for the project by the end of 2012. [more - original PR]