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NEDA OKs P4.5-B upgrade of Bohol-Panglao Airport

Philippines | Luzon

NEDA OKs P4.5-B upgrade of Bohol-Panglao Airport

By Calvin Cordova

CEBU CITY – The P4.5-billion upgrade of the Bohol-Panglao International Airport (BPIA) has been approved by the National Economic and Development Authority (NEDA) Board.

AUMENTADO (FB)

Bohol Gov. Aris Aumentado said upgrading the BPIA will be done through a Public-Private Partnership (PPP) project.

“We are thankful to President Ferdinand Marcos Jr. for spearheading the approval of this PPP project during the meeting with NEDA. I am one of those who aggressively pushed for this project because this will improve the services in our airport,” said Aumentado.

In a recent press briefing in Malacañang, NEDA Secretary Arsenio Balisacan said that currently, the BPIA is designed to support two million passengers a year.

“With the approved expansion project, the maximum passenger throughput will be increased to 2.5 million passengers per year at project start and is expected to increase to 3.9 million by the end of the project,” said Balisacan.

Balisacan added that the expansion project will boost tourism and generate more high-quality jobs.

He added that during the meeting, the NEDA board approved approximately P269.7-billion worth of programs and projects.

The other five approved projects that will be funded via PPP are dialysis center project for the Baguio General Hospital and Medical Center, second additional financing for infrastructure preparation and innovation facility, Green Economy Program, Bataan-Cavite Interlink Bridge, and revisions on the Cebu Bus Rapid Transit project.

Related Tags

National Economic and Development Authority (NEDA) PPP Bohol-Panglao International Airport Bohol Gov. Aris Aumentado

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