The Department of Transportation (DOTr), the Civil Aviation Authority of the Philippines (CAAP), and Aboitiz InfraCapital, Inc. (AIC) signed on December 18, 2024, a landmark agreement to manage, operate, and extend the Bohol-Panglao International Airport. The concession agreement marks a significant advancement in the government’s push for public-private partnerships (PPP) in infrastructure development.
The agreement grants AIC a 30-year concession period to upgrade, expand, operate, and maintain the Bohol-Panglao International Airport starting from the turnover of its operations and maintenance (O&M). The project aims to drive regional economic development, help decongest Manila’s Ninoy Aquino International Airport, immediately address the airport’s O&M requirements, and establish the airport as a model for efficient and excellent regional airport operations.
The event, held at the Malacanan Palace, was attended by President Ferdinand R. Marcos, Jr., key government officials, local leaders, and private sector representatives. PPP Center Executive Director Ma. Cynthia C. Hernandez delivered an inspiring message, emphasizing the project’s long-term vision, indicating that the benefits of the improved airport will be felt by generations of Filipinos, contributing to the country’s development and connectivity.
“Through this landmark airport PPP project, the public can expect a marked improvement in overall passenger experience through modernized terminals, optimized airport capacity, and reliable operations that will serve the Filipinos for generations to come,” Hernandez said. “This is a testament to our commitment to delivering an airport that will serve as a gateway to opportunities, a hub for connectivity, and a catalyst for sustainable development,” she added.
The Bohol-Panglao International Airport Project is the third airport PPP project to be awarded and signed following the enactment of Republic Act No. 11966 or the PPP Code of the Philippines in December 2023.
