The Department of Transportation (“DOTr”) and the Civil Aviation Authority of the Philippines (“CAAP”) (together, the “Implementing Agencies”) have received an unsolicited proposal from Aboitiz InfraCapital, Inc. (the “Original Proponent”). Upon evaluation and successful negotiation and approval of the National Economic and Development Authority (“NEDA”) Board, the Implementing Agencies have accepted the unsolicited proposal to Upgrade, Expand, Operate, and Maintain the Laguindingan International Airport (“CGY”) (the “Project”), in accordance with the provisions of Republic Act No. 11966, otherwise known as the “Public-Private Partnership Code of the Philippines (“PPP Code”).
References:
Department of Transportation
Civil Aviation Authority of the Philippines
