P3.36B new Bohol airport project goes to Chiyoda and Mitsubishi Japan Joint Venture


Panglao, Bohol will be having the first airport project of the Aquino Administration and it will be in partnership with Chiyoda Corporation and Mitsubishi Corporation.

The project is a P3.36-billion ($75.18-million) project to be an eco-airport, or at least one that features environmentally-sustainable technologies, in line with the province’s eco-tourism branding, according to Department of Transportation and Communications (DOTC) Secretary Joseph Emilio Abaya.

The airport project would be funded through a concessional loan from the Japan International Cooperation Agency, DOTC added.

Its design capacity would be of 1 million passenger per year projected to start before the end of summer 2015 and would be finished in 2017.

With increasing number of tourists in Bohol, this project is sure to cater to many more jobs in tourism and will help promote the local tourism here and even abroad.

Source: Rappler


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P3.36B new Bohol airport project goes to Chiyoda and Mitsubishi Japan Joint Venture