20 June 2024
Four Korean groups has secured bid proposals for the $14.5-million consultancy service contract to design the New Dumaguete Airport to be constructed in Bacong, Negros Oriental, with a propose construction price tag of $300 million (₱17 Billion).
Philippine Department of Transportation (DOTr) opened the prequalification documents submitted by Incheon International Airport Corp., Keun Jeong Architects & Engineers, Yooshin Engineering Corp., and Soosung Engineer last Tuesday.
The New Dumaguete Airport Development Project funded by the Export-Import Bank of Korea (KEXIM Bank) is envisioned to have a terminal capacity of 3 million passengers per annum, with start of construction beginning 2030 and completion date slated in 2037.
The winning bidder shall have 3 years to complete the engineering design of the airport.
The Philippines is the 4th largest beneficiary of Korea's Economic Development and Cooperation Fund (EDCF) with concession loans in excess of $1.5 billion, primarily applied for DOTr projects, and intended for the purchase of Philippine Coast Guard vessels, construction of Cebu International Container Port, LRT 2 extension project, and Pangasinan and Dumaguete airport projects.
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