CAGAYAN DE ORO CITY—With a 1-percent rate of accomplishment every week, Laguindingan International Airport will breach the 50-percent completion rate before the year ends and will be 100-percent complete by the middle of next year.
“We are even ahead of the accelerated target,” Misamis Oriental Gov. Oscar Moreno said of the rate the P7.8-billion airport construction is going.
Moreno’s optimistic projection is matched by Engr. Della Capicenio, Laguindingan Airport Project Development (LAPD) project manager. She said the first international airport in Northern Mindanao would be completed way ahead of schedule since it is now more than one-third complete.
Capicenio said the airport is 29.51-percent complete as of March 15.
Because of the fast-paced construction accomplishment, the LAPD has revised its schedule. The airport is targeted to be completed on January 17, 2012.
By June, the airport’s access road will be completed, said Moreno.
He also said the runway and taxiway of the flagship project of President Arroyo under the Mindanao Super Regions Program “are nearly complete.”
“In fact, we are way ahead of our target,” he said. “Both the runway and taxiway are scheduled to be completed by next year and the access road by June.”
Moreno said that based on the completion rate of the project, the case pending before the Court of Appeals regarding the remaining contested areas covered by the airport project has not really affected its construction.
The threat of the tribal war by an indigenous people’s group affected by the airport project has not deterred Korean contractor Hanjin Heavy Industries and Construction Corp. from going full steam.
The airport project is funded by a loan from the South Korean government under the Economic Development Cooperation Fund (EDCF) totaling $106.73 million.
The loan is payable in 20 years, with a grace period of 10 years. Repayment of the loan, to be shouldered by the national government, will start in 2010.
The Philippine government’s counterpart totaled $60.36 million.