The Aboitiz group has proposed to modernize, operate, and maintain Philippines’ Iloilo International Airport, Bacolod-Silay Airport, Laguindingan Airport, and New Bohol International Airport in Panglao for 35 years.
The infrastructure unit of the Aboitiz group submitted a P148-billion unsolicited proposal to upgrade, expand, operate, and maintain 4 major Philippine regional airports over a 35-year concession period, according to a Rappler report.
The 4 regional gateways are key entry points into the Visayas and northern Mindanao.
“Not only will none of the airports require any form of subsidy, the combined potential of the 4 regional gateways results in overall gains for both the government and the local economy,” stated Sabin Aboitiz, President and Chief Executive officer of Aboitiz InfraCapital Incorporated.
The group’s P148-billion multi-phased project aims to transform these 4 gateways into “world-class airports,” Aboitiz said.
Should the government award the project to Aboitiz InfraCapital within the year, it said it could start working with the relevant government and community stakeholders to improve operations and passenger experience in 2019.
At the same time Philippine passenger and cargo shipper Chelsea Logistics Holdings Corp has offered to upgrade two of the country’s airports, including one in President Rodrigo Duterte’s hometown of Davao City, at the cost of 67 billion pesos ($1.29 billion) said a Reuters report.
The unsolicited offer has been submitted to upgrade, operate and maintain Davao and Bohol international airports without government subsidy for a 30-year concession period, said the company.
The Department of Transportation is evaluating the proposal, Chelsea Logistics said in a statement.