NEDA Board approves P4.17-billion airport development project in Bohol
The National Economic and Development Authority (NEDA) Board recently approved the P4.17-billion Panglao Airport Development Project.
The Panglao Airport Development Project aims to develop a new facility on Panglao Island, Bohol that complies with domestic and international standards for operational safety and efficiency. It envisions opening up Central Visayas to more economic activities as well as enhancing the tourism potential of Bohol.
This supports the government’s thrust for the Central Philippines to become a major tourist destination, as it is expected to reduce travel time and cost of transporting goods and people. The project will also serve as a gateway for major tourist destinations in Bohol from other parts of the country and abroad.
The proposed airport on some 216 hectares of land will be built approximately 15 kilometers from Tagbilaran City, and will have a runway of 2,500 meters by 45 meters and passenger and cargo terminal buildings.
The project will be funded wholly by government from the Manila International Airport Authority (MIAA), the Department of Transportation and Communications (DOTC) and some of its attached agencies, and the Department of Tourism (DOT). It will be jointly implemented by the DOTC and the MIAA. The project hopes to start in July this year and to be finished by April 2010.
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