Aboitiz InfraCapital, Inc., the infrastructure business unit of the Aboitiz Group has just been granted Original Proponent Status (OPS) by the Civil Aviation Authority of the Philippines (CAAP) for its P42.7 billion unsolicited proposal for the upgrade, expansion, operations, and maintenance of the Laguindingan Airport in Misamis Oriental.
In a press release posted at the Philippine Stock Exchange website, Aboitiz stated that the project involves construction of new passenger terminals, installation of required equipment, and enhancement and development of airside facilities.
As per CAAP records, in 2018, an estimated 2 million passengers passed through Laguindingan Airport which has a design capacity of 1.6 million.
Read portion of the press release below.
Download full text of press release HERE.
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