The Privatization of Laguindingan Airport Operation and Maintenance project is among the ten (10) vital infrastructure projects to be opened for private investment, both local and foreign, under the Public-Private Partnership (PPP) program of the government.
The project involves privatization of the airport’s its O&M to reduce government expenditures and increase current and future service levels of the airport.
The O&M through concession covers the newly-constructed airport on a 393-hectare property complete with facilities of international standards. The airport can accommodate 1.2 million passengers per year based on it master plan. This project costs US$ 33.33 million with implementing schedule from year 2011 to 2013.
There are actually 26 projects considered for the PPP Program but luckily, the O&M of Laguindingan Airport, scheduled to start operations in 2012 is among the top of the list.
flickr photo by bee_tee_double_you