Aboitiz Obtains ‘Original Proponent Status’ For New Int’l Airport in Bohol
Bohol, Philippines—Aboitiz InfraCapital Inc. (AIC), the infrastructure business unit of the Aboitiz Group, has been granted an “Original Proponent Status” (OPS) by the Department of Transportation (DOTr) for the company’s plans for the operations, maintenance, and future expansions of the New Bohol International Airport on Panglao Island.
“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,” said AIC President and Chief Executive Officer Sabin Aboitiz.
The new international airport will replace the airport in Tagbilaran City, which is serving under one million passengers annually. With a much larger capacity, the airport will be a key catalyst towards unlocking the tourism potential of the province and the region.
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.
Besides infrastructure, the Aboitiz Group also has major interests in power, financial services, food, and real estate.