21 July 2023
Philippine President Ferdinand R. Marcos Jr. has approved on Wednesday the ₱12.75-billion Laguindingan Airport Upgrade project.
In a Malacañang press briefing, Neda Director General Arsenio M. Balisacan announced the Board gave the go-ahead for the unsolicited proposal to upgrade, expand, operate, and maintain the Laguindingan Airport.
Balisacan said the project calls for the immediate rehabilitation of the existing terminal, and construction of a bigger terminal annex together with support facilities for 3 more aerobridges to handle seven million passengers per annum (phases 2 and 3), construction of 400 meters runway extension, parallel taxiways, and apron expansion, for a concession period of 35 years.
NEDA expects the winning bidder for the ₱12.75-billion PPP project to be announced within the year.
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