The delay in the first batch of Private-Public-Partnership projects under the Aquino administration also resulted to the resetting of solicitation of bids for the privatization of the operation and maintenance of Laguindingan Airport.
As shown in the slide above, the original date for the publication of Invitation to Bid was June 2011, which is of course not going to happen. But the good thing is that the first batch of PPP projects was launched just recently and the Laguindingan Airport Privatization will be included in the next batches within the year (LINK). Download PPP Project Brief HERE.
Laguindingan Airport is no doubt a very important piece in the government’s future plans as no less than two (2) government agencies included it in the PPP project list. The two are the Department of Tourism (DOT) and the Department of Transportation and Communications (DOTC) with their presentation slides shown below.
DOT Presentation: Note that Annual Average Growth Rate (AAGR) for passenger traffic is 24.5%. You can read the text on the right (click image to enlarge). Download DOT presentation HERE.
DOTC Presentation: Note the very high Economic Internal Rate of Return (EIRR) of 68% as compared to the other PPP-related projects: New Bohol Airport (23%), Puerto Princesa Airport Development (20%), and New Legaspi Airport Development (17%). Download DOTC presentation HERE. Usually the EIRR should be at least 10-12% for the project to be feasible.
By the way, the Department of Agriculture has also identified Cagayan de Oro as among the sites for the establishment of Grains Centrals with Bulk Handling Facility also under the PPP program. Download DA presentation HERE.
However, together with the Mindanao Railway Project, the Grains Centrals are included in the medium-term roll-out. LINK