Civil Aviation Authority of the Philippines (CAAP)
The project aims to upgrade airport facility in terms of increased capacity and improvement of safety and security facilities as prescribed in ICAO SARPS.
The project involves the phased development of Caticlan Airport:
Phase 1A
Phase 1B
Phase 2:
Php 2.506 Billion/USD 48.83 Million
Unsolicited
Contract-Add-Operate-Transfer (CAOT)
25 years (2012-2037)
Transportation,Airport
Trans Aire Development Holdings Corporation
Phase 1A - completed and operational
Phase 1B and 2 - ongoing construction
As of February 2023, construction is 54.19% complete.