The Daily Tribune
Aboitiz firm takes over Misamis Oriental airport upgrade
The Department of Transportation (DOTr) and the Civil Aviation Authority of the Philippines (CAAP) have officially turned over the PHP12.75-billion modernization of Laguindingan Airport in Misamis Oriental to Aboitiz InfraCapital (AIC).
Transportation Secretary Jaime Bautista announced that the airport's operations and maintenance will be officially turned over to AIC by April 2025, though he expressed hope for an earlier turnover.
This public-private partnership (PPP) project, managed by AIC for 30 years starting in 2025, aims to transform the airport into a world-class facility and a strategic gateway for Mindanao.
The modernization efforts will include the renovation and expansion of the passenger terminal, the installation of major equipment, and the enhancement of both airside and landside facilities.
This is the first airport PPP project successfully awarded through an unsolicited bid under the administration of President Ferdinand Marcos Jr.
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The Department of Transportation (DOTr) has awarded the operations and maintenance contract for Laguindingan Airport to Aboitiz InfraCapital (AIC).
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The Aboitiz group is interested in managing and operating Davao International Airport, indicating a strategic move to expand its airport infrastructure portfolio.
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