The Operation and Maintenance (O&M) component of the Laguindingan Airport Development Project (LADP) will be bid out by the third quarter of next year. This is according to Department of Transportation and Communications (DOTC) Secretary Jose de Jesus.
De Jesus said the department is now in discussion with the United States Trade and Development Agency for a grant to prepare the transaction documents for an O&M agreement.
The DOTC yesterday declared 111 contracts entered into by the agency, its sectoral offices and attached agencies with the private sector as “clean” and placed 19 on hold. Also, 21 Public-Private Partnership (PPP) projects will be implemented starting early next year including the O&M component of LADP.
The LADP is already 70% complete and targetted to be operational by 2012.
Meanwhile, DOTC said the master plan for the Mindanao Railway System is now being prepared. The DOTC will seek grant financing for its funding.
PHOTO: Transportation Secretary Jose “Ping” de Jesus (left) and Undersecretary Ruben Reinoso during the press briefing yesterday.