ABOITIZ InfraCapital Inc. (AIC), the infrastructure arm of the Aboitiz Group, is set to take over the operation and maintenance of Laguindingan International Airport in April 2025.
AIC aims to increase the airport’s capacity to over six million passengers over the 30-year concession period.
Under the P12.75-billion concession agreement signed in Malacañang Palace on October 28, AIC will undertake the development and modernization of Laguindingan International Airport over a 30-year period after the turnover in April 2025.
This includes renovating and expanding the passenger terminal, installing modern equipment, and enhancing airside and landside facilities.
These improvements aim to significantly enhance passenger experience, boost operational efficiency, and elevate safety and security standards at the airport.
“We see potential in international flights and want to work closely with the airlines in realizing this dream. We will also work closely with our tourism stakeholders to see how we can further market the offerings of Misamis Oriental and develop a longer-term roadmap. Further, we want to work closely with local and international stakeholders to induce a collaborative and conducive environment for investors,” Rafael Aboitiz, AIC vice president and head of airports business, said in a statement.
Expansion plans will be undertaken in two phases, increasing Laguindingan International Airport’s design capacity from the current 1.6 million passengers per annum (mppa) to 3.9 mppa for the first phase and up to 6.3 mppa for the second phase, depending on traffic demand.
