ABOITIZ InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, said Wednesday it has received the notice of award (NOA) to upgrade, operate and maintain the Bohol-Panglao International Airport, with upgrades set to take effect starting next year.
ABOITIZ InfraCapital, Inc. , the infrastructure arm of the Aboitiz Group, said Wednesday it has received the notice of award to upgrade, operate and maintain the Bohol -Panglao International Airport , with upgrades set to take effect starting next year.In a disclosure, AIC parent Aboitiz Equity Ventures, Inc. said the NOA was issued by the Department of Transportation and Civil Aviation Authority of the Philippines on Nov. 18, 2024.
Last month, AIC assumed full ownership of Aboitiz GMR Megawide Cebu Airport Corp. , developer and operator of Mactan-Cebu International Airport , via an exchange of previously issued notes worth P15.5 billion.The proposed P4.5 billion upgrade of the Bohol airport involves expanding its passenger terminal building, installing essential equipment, and modernizing airside and landside facilities.Operational efficiencies and investments will be introduced to increase the airport's capacity to 2.
Infra Wins Bid To Upgrade Bohol Airport
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