At present, the Mactan Cebu International Airport can handle seven million passengers a year
Last year, the Philippine government had invited bids to upgrade the Mactan-Cebu International Airport, the country's second busiest airport.
The consortium beat six others at an auction on Thursday
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million.
The expansion of the terminal is expected to raise the annual passenger capacity of the airport to 12.5 million.
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