Aboitiz InfraCapital to run Laguindingan Airport next year
The Aboitiz group's infrastructure arm, Aboitiz InfraCapital, is set to take over operations and maintenance of Laguindingan International Airport in Misamis Oriental next year.
DOTr Undersecretary for Aviation and Airports Roberto Lim announced at the 2024 Aviation Summit that a concession agreement with AIC will be signed next week, covering a P12.75 billion project over a 30-year period.
Aboitiz InfraCapital won the unsolicited proposal to operate Laguindingan Airport after no counter proposals were received from other bidders and plans to expand capacity to accommodate growing demand in Northern Mindanao.
The company aims for a first-phase operating capacity of 1.6 million passengers annually by 2026 and has also submitted unsolicited proposals for New Bohol-Panglao International Airport, Bicol International Airport, and Iloilo International Airport.
DOTr is considering privatizing the operations of other airports to improve services and unburden CAAP from its dual role as operator and regulator.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics