Six Philippines airports open for public-private partnership investment

Dino D'Amore
By Dino D'Amore December 16, 2014 21:58

Six Philippines airports open for public-private partnership investment

Following the30-year public-private partnership for Mandalay airport in Mayanmar, a further six airports have been earmarked for public-private partnership tender in 2015. Prospective investors need to be pre-qualified by applying to the Department of Trade and Communications (DOTC).

The six airports are Davao Airport, Iloilo Airport Bacolod-Silay Airport, Laguindingan Airport, Bohol and Puerto Princesa airports.

The DOTC says: “The fact that the traffic at these airports has either exceeded their current design capacities or is nearing the design capacity levels, coupled with the anticipated influx of growing number of domestic and international passengers in years to come, make the fast and proactive development of these airports crucial”. The aim of this program is to increase the number of foreign tourists to the Philippines from 6 million to 10 million by 2016.

Dino D'Amore
By Dino D'Amore December 16, 2014 21:58