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The Bohol-Panglao International Airport project concession agreement is expected to be signed by yearend
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Upgrades to the gateway are seen to take effect beginning 2025
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This comes after the Department of Transportation and Civil Aviation Authority of the Philippines issued the notice of award to upgrade, operate, and maintain Bohol-Panglao International Airport to Aboitiz InfraCapital on November 18
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AIC will begin introducing operational efficiencies and investments to increase the capacity to 2.5 million passengers per annum within 1-2 years of operations
The P4.526-billion Bohol-Panglao International Airport project concession agreement is expected to be signed by yearend with upgrades to take effect beginning 2025, project concessionaire Aboitiz InfraCapital, Inc. (AIC) said in a statement.
This comes after the Department of Transportation (DOTr) and Civil Aviation Authority of the Philippines (CAAP) issued the notice of award to upgrade, operate, and maintain Bohol-Panglao International Airport to AIC on November 18.
READ: Aboitiz wins 30-year Bohol-Panglao airport contract
AIC bagged the 30-year concession after no comparative proposals were received by the deadline for submission on November 11.
AIC in a statement said this is the second successful airport public-private partnership project awarded by the government to the firm this year via an unsolicited bid after it also won the P12.748 billion contract for the Laguindingan International Airport project last September. AIC is scheduled to take over
READ: Aboitiz wins P12.75-B Laguindingan airport contract
Laguindingan International Airport by April 2025.
It also marks AIC’s third gateway, which also includes Mactan-Cebu International Airport in Lapu-Lapu City, Cebu. AIC last October officially assumed full ownership of Aboitiz GMR Megawide Cebu Airport Corp., the developer and operator of MCIA, after acquiring the stocks of partners Megawide Construction Corp. and GMR Airports International B.V.
AIC said the airport project further expands its airports portfolio in the Visayas, where the Aboitiz Group traces its roots, and “further solidifies its position as a key player in the Philippine aviation sector.”
“Our commitment to modernizing the Bohol-Panglao International Airport underscores our vision of creating world-class infrastructure that enables progress in key growth areas of the Philippines,” AIC president and chief executive officer Cosette Canilao said.
“This project is not just about upgrading facilities but also about boosting economic opportunities, enhancing tourism, and improving connectivity in the Visayas region, and we are excited to be a part of this initiative,” she added.
The Bohol-Panglao International Airport project involves expanding the passenger terminal building, installing essential equipment, and modernizing airside and landside facilities within a 30-year concession period.
AIC said it will begin introducing operational efficiencies and investments to increase the capacity to 2.5 million passengers per annum (mppa) within 1-2 years of operations from the existing 2 mppa.
Further capacity expansions, expected to be completed by 2030, will raise the gateway’s capacity to 3.9 mppa. These investments will enhance the passenger experience, improve operational efficiency, and elevate the airport’s safety and security standards.
Bohol-Panglao International Airport, the country’s ninth-busiest gateway, is part of AIC’s broader strategy to develop and manage infrastructure assets that enhance connectivity across the Philippines.
“Bohol-Panglao International Airport is a fast-growing gateway to one of the Philippines’ most emerging and iconic tourism destinations, and we are honored to play a role in elevating its stature. Through this project, we aim to bring the same level of excellence and innovation that we are demonstrating with Mactan-Cebu International Airport,” said AIC vice president and head of airports business Rafael Aboitiz.
