The Public-Private Partnership (PPP) Center of the Philippines has issued a Request for Proposals (RfP) for the Bohol-Panglao International Airport project. This initiative aims to upgrade, expand, operate, and maintain the airport located in Panglao, Bohol.
The project is estimated to cost PHP4.53 billion and will be contracted for a 30-year term. An unsolicited proposal has been submitted by Aboitiz InfraCapital. The National Economic and Development Authority (NEDA) Board, along with the Department of Transportation, will negotiate all proposals. TRBusiness is awaiting further updates from the PPP Center and Aboitiz InfraCapital.
The project is part of the National Government’s Infrastructure Flagship Projects and seeks to enhance regional connectivity, attract new airlines and international flights, expand capacity, and promote sustainable and efficient operations. Additionally, it aims to develop commercial services within the terminal and surrounding areas.
