NEDA BOARD APPROVES THREE NEW INFRA PROJECTS Lone bid for LRT 1 South Extension, changes in irrigation projects also approved
2. Laguindingan Airport Development, Operations and Maintenance Project
Estimated total cost: PhP14.62 billion
Proponent: Department of Transportation and Communications
Description: The project will improve Laguindingan Airport’s capacity and upgrade its facilities and equipment to be of international standards through engaging a private entity under an appropriate Public-Private Partnership arrangement. This will also replace the Cagayan de Oro (Lumbia) Airport, which served as large catchment area of Northern Mindanao.
Estimated implementation schedule: Thirty (30) years concession period including construction (2015-2044)
Proposed mode of financing: Public-Private Partnership
3. New Bohol Airport Development, Operations and Maintenance Project
Estimated total cost: PhP2.34 billion
Proponent: Department of Transportation and Communications
Description: The project will provide the structuring and implementation of a Public-Private Partnership arrangement for the operations and maintenance (O&M) of the New Bohol Airport. This includes the selection of an international or national consortium for the active marketing of the airport and develop direct international passenger traffic. The consortium will also be in charge of infusing necessary capital investments to upgrade facility capacity in terms of passengers or Air Traffic Movement.
Estimated implementation schedule: Construction period is from 2014-2016. Maximum concession period is thirty-five (35) years.
Proposed mode of financing: Public-Private Partnership
