Ayala Corp and Aboitiz Equity Ventures Inc, two of the Philippines’ biggest and oldest conglomerates, last week entered into a 50-50 joint venture to bid for the redevelopment of Mactan International Airport in Cebu, the country’s second-largest international gateway.
The P10-billion project will be built under the public-private partnership framework and involves building a new passenger terminal capable of servicing eight million passengers a year as well as operation and maintenance of old and new facilities.
In another development, the Department of Transportation and Communications (DOTC) will develop more ports nationwide costing around P97 million.
In an invitation to bid published yesterday, the DOTC said up for developments are ports in San Andres, Catanduanes; Catarman and Balbagon, Mambajao in Camiguin; Kaputian, Samal in Davao del Norte; Malimono, Surigao del Norte; Batuganding wharf, Mabila port, Patuco port and Kiamba, all in Sarangani province; and Gigaquit, Surigao del Norte.
Earlier, DOTC invited consultancy firms to conduct a feasibility study for the construction of a new airport in Camarines Sur and a master plan study of Calbayog Airport.
Photo from http://mciaa.gov.ph/Index.html
