Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Laguindingan airport contract goes to Aboitiz InfraCapital

by
September 15, 2024
in Top News
0
Laguindingan airport contract goes to Aboitiz InfraCapital
0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

By Ashley Erika O. Jose, Reporter

INFRASTRUCTURE development company Aboitiz InfraCapital, Inc. will be awarded the contract to operate and maintain the Laguindingan International Airport in Misamis Oriental, the Department of Transportation (DoTr) said.

“The Laguindingan PPP (public-private partnership) project will be awarded to the original proponent,” Transportation Secretary Jaime J. Bautista said in a Viber message to BusinessWorld on Sunday.

“There were no other proposals received by deadline,” he  added.

The DoTr had extended the deadline for counter proposals to Sept. 13, moving it from the original deadline in August.

Based on the Instructions to Challengers published by the DoTr and Civil Aviation Authority of the Philippines (CAAP), the notice of award and other post-award requirements will immediately be issued upon the approval of the award by the Transportation Secretary and the governing board of CAAP.

It added that the original proponent or the winning challenger will execute the concession agreement within five days from its receipt of notification of compliance with the post-award requirements.

In May, the DoTr announced that at least two parties had purchased bid documents for the comparative challenge.

The airport will have a capacity of 1.6 million passengers a year, which will increase to 3.9 million by the end of the first phase and to 6.1 million by the end of the second phase.

According to the PPP Center, the contract for the Laguindingan Airport will run for a period of 35 years. 

The Swiss challenge process allows original proponents to undertake a project unsolicited, opening up their bid to a challenge by other parties, which the OP then has a right to match.

In February, the DoTr announced that companies were open to challenge the P12.75-billion proposal of Aboitiz InfraCapital to operate, maintain, and expand the Laguindingan airport.

The infrastructure arm of the Aboitiz group has submitted unsolicited proposals for the operations, maintenance, and development of New Bohol-Panglao International Airport, Bicol International Airport, and Iloilo International Airport.

The group has also secured the original proponent status for the New Bohol-Panglao International Airport, which Mr. Bautista said would undergo the Swiss challenge by November.

In 2022, Aboitiz InfraCapital finalized a deal with Megawide Construction Corp. and GMR Airports International B.V., allowing it to acquire shares in GMR-Megawide Cebu Airport Corp., the company behind the Mactan-Cebu International Airport.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Outstanding external debt hits $130.18B at end-June

Outstanding external debt hits $130.18B at end-June

Recommended

San Miguel Food resolves 12 trademark disputes with Gold Label, IPOPHL says

San Miguel Food resolves 12 trademark disputes with Gold Label, IPOPHL says

October 7, 2024
Gold Prices: De-Dollarization, Inflation, and $3,000 Gold—What You Need to Know Now

Gold Prices: De-Dollarization, Inflation, and $3,000 Gold—What You Need to Know Now

January 15, 2025
Interoperability a key component in digital health

Interoperability a key component in digital health

November 4, 2024
Growth sharply slows to 5.2% in Q3

Growth sharply slows to 5.2% in Q3

November 7, 2024
Pimlico Plumbers founder Charlie Mullins to sell £12m penthouse as he exits UK ahead of tax hike fears

Pimlico Plumbers founder Charlie Mullins to sell £12m penthouse as he exits UK ahead of tax hike fears

September 7, 2024
Moonpig debuts AI handwriting tool to bring personal touch back to online cards

Moonpig debuts AI handwriting tool to bring personal touch back to online cards

December 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved