Infra major GMR Airports is one of the front runners for $3 billion redevelopment bid of Ninoy Aquino International Airport at Manilla.
The other two bidders are San Miguel Corporation- conglomerate from the Philippines and the Manila International Airport Consortium (MIAC). GMR’s consortium also includes Cavitex Infrastructure Corporation- an infrastructure company from the Philippines and House of Investments which is the Yuchengo family office which operates Rizal Commercial Banking Corporation- one of the largest banks in Philippines.
