THE Department of Transportation and Communication recently signed the contract signaling the start of construction of the Laguindingan Airport Development Project.
The project aims to expand and improve the country’s civil aviation infrastructure and support safer operation based on international standards and practices.
Funding will come from Economic Development Cooperation Fund of Korea, the Export-Import Bank of Korea, Nordic Investment Bank (for the air navigational support facilities) and the Philippine government.
The main civil works, amounting to P4.992 billion, involve construction of a runway, new passenger terminal building, air traffic control tower/operation building, cargo terminal building, maintenance building, power house building, administration building, cold water receiving station, fuel farm, and wastewater treatment plant.
Hanjin Industries Construction Co. Ltd of Korea is the lead contractor.
The consulting services for construction supervision will have a foreign cost component of 4.869 billion korean won and local cost component of P130.990 million. The consultant is Yooshin Engineering Corp.
Located at Laguindingan, Misamis Oriental, a major growth area in Mindanao, the airport facility covers about 400 hectares of which 300 hectares were acquired or donated. Ayala Land Corp donated 94 hectares.
The corridor airport service area covers the provinces of Bukidnon, Misamis Oriental, Lanao del Norte, Lanao del Sur, and the island of Camiguin.
