The construction of the US$167.09 Million (PhP7.853 Billion) Laguindingan Airport Development Project (LADP) in Laguindingan, Misamis Oriental, particularly the civil works and buildings, is already 65% completed as of May 14, 2010.
Access road to the airport was completed in January 2010. Land acquisition for the main airport area is 99.24% accomplished with 390.95 hectares already acquired of the 393.94-hectare requirement.
Some 370 families have been relocated: 134 families at Phase 1 resettlement site in Barangay San Isidro, Laguindingan and 236 families at Phase 2 resettlement site in Barangay Tubajon, also in Laguindingan.
The air navigation facilities/equipment component of the project will be financed by the Korean Export-Import (KEXIM) Bank loan facility.
On 18 May 2010, a 5-person team of the Economic Development Cooperation Fund (EDCF) appraisal mission on Laguindingan Airport Development Project-Air Navigation Aid System Supply Project visited Region 10 for a site survey and to conduct fact-finding activities for the sub-project.
Accompanied by Engr. Felicisimo C. Pangilinan, Jr. of the DOTC-Central Office Air Transport Planning Division), the members of the EDCF Appraisal Mission Team were:
1) Mr. CHANG Young-hoon , Mission Leader and Director, EDCF Dept., KEXIM Bank
2) Ms. YI Ji-Eon, Deputy Director, EDCF Dept., KEXIM Bank
3) Ms. WOO Binnah, Manager, EDCF Dept., KEXIM Bank
4) Mr. CHAI Seung-su, Technical Consultant, Inha University
5) A specialist of Air Navigation Aid System from MLTM (Ministry of Land, Transport and Maritime Affairs).
The team also visited the Lumbia Airport Control Tower to see the air navigation system equipment.
The LADP is one of the SONA commitments of Her Excellency President Gloria Macapagal Arroyo for Region X. Civil works are expected to be 72.07% completed when President Arroyo’s term ends in June 30, 2010. The project will terminate and will be made operational in January 2012. (NEDA-CAP-TF)
from NEDA-10 website