Aboitiz Submits Revised Concession Terms For Panglao

NAIA Consortium Follows Suit

22 July 2019


Aboitiz InfraCapital, Inc. has submitted to the Department of Transportation (DoTr) the revised concession terms for its proposal to operate and maintain the Bohol-Panglao International Airport for consideration by NEDA.

DoTr also received revised concession agreements by NAIA Consortium Friday for the operations and management of Manila International Airport. DOTR said they will transmit the revised documents to NEDA this week.

The proposals of Chelsea Logistics and Infrastructure Holdings Corp.’s bid for the Davao International Airport and Mega7 Construction Corp. for the Kalibo International Airport revised concession agreement are still to be submitted to the Department.

The re-submission of new terms comes after NEDA require all proponents of airport projects to draft concession agreements patterned after the one signed with the North Luzon Airport Consortium (NLAC) for the operation and maintenance (O&M) of the Clark International Airport.

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