Aboitiz secures ‘original proponent status’ for new Bohol Airport
September 28, 2018
Aboitiz InfraCapital, Inc. (AIC), the infrastructure business unit of the Aboitiz Group, has been granted “Original Proponent Status” (OPS) by the Department of Transportation (DOTr) for AIC’s proposal for the operations and maintenance (O&M), future development and expansions of the New Bohol International Airport.
In line with AIC’s commitment to support the Philippine government’s efforts in advancing infrastructure within the country, we look forward to moving ahead with our proposal to provide a long-term solution for the operations, maintenance and future expansions of the New Bohol Airport. Our vision is to transform the New Bohol Airport into a prime example of excellence and efficiency for regional gateways.Sabin M. Aboitiz, AIC President and Chief Executive Officer
The new airport, located on Panglao Island, is intended to replace the current airport in Tagbilaran City, which is currently serving under one million passengers per year. With a much larger capacity, the New Bohol International Airport will be a key catalyst towards unlocking the tourism potential of Bohol and the rest of the region.
The OPS grant is therefore a crucial step towards AIC’s partnership with government to develop world-class infrastructure, and to establish a high standard for regional airport operation.
Aboitiz added: “We believe our proposal provides an expedient and comprehensive solution for the immediate and long-term needs of the New Bohol International Airport. We also remain committed and ready to support the government in its initiative to develop and enhance other regional airports throughout the country.”