Aboitiz InfraCapital upgrades Laguindingan, Bohol airports; expands capacity

ABOITIZ INFRACAPITAL, Inc. officially took over Laguindingan International Airport on April 26 and announced plans to upgrade it to increase passenger capacity.

The company aims to expand the airport's current capacity of 1.6 million passengers per year to 3.9 million in the first phase and further scale up to 6.3 million in a second phase, with assistance from Ireland-based daa International.

Aboitiz InfraCapital will also manage the New Bohol-Panglao International Airport starting June, allocating part of Aboitiz Equity Ventures' P105 billion capex budget for infrastructure upgrades.

The rehabilitation of Laguindingan airport is set to begin following the official turnover, with a P12.75-billion concession agreement covering a 30-year period signed in October last year.

By June, passenger capacity at Bohol airport will grow to 3.9 million per annum by 2030 from the current 2 million, realized under a 30-year concession agreement.