The Department of Transportation and Communications has awarded the contract to build a new airport in Bohol, which is a popular tourist destination, to Japanese engineering giant Chiyoda and Mitsubishi Corp.
“We awarded (the Bohol airport contract) to Chiyoda-Mitsubishi. This is an ODA (official development assistance) loan and JICA (Japan International Cooperation Agency) rules of procurement. Every step of procurement process required JICA concurrence,†DOTC secretary Jun Abaya said.
The project involves the operation and maintenance of the P2.34 billion new Bohol airport that will replace the existing Tagbilaran Airport. It will be operated under a public-private partnership.
Chiyoda and Mitsubishi will undertake the operation and maintenance of the airport and provide additional facilities and other necessary improvements.
They will also provide the necessary capital investments to upgrade the capacity of the airport facility in terms of passengers, freight and Air Traffic Movement (ATM).
The airport is expected to be completed in 2017.
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