Signing: Laguindingan International Airport Public Private Partnership Project Concession Agreement

President’s Hall, Malacañan Palace
October 28, 2024

As the Administration continues to elevate the country’s aviation industry, President Ferdinand R. Marcos Jr. witnesses the signing of the Laguindingan International Airport Public Private Partnership (PPP) Project Concession Agreement at the President’s Hall in Malacañan Palace on October 28, 2024.

The Agreement is considered the first unsolicited proposal awarded by the Department of Transportation (DOTr) during this Administration. It is seen to transform the Laguindingan International Airport in the Province of Misamis Oriental into a modern, efficient and sustainable gateway in Northern Mindanao that meets global standards.

In partnership with the private sector through the Aboitiz InfraCapital, the PhP12.75 billion project aims to upgrade the airport’s facilities and enhance passenger traveling experience through increased comfort and convenience. It is also expected to create more socioeconomic opportunities in key regional cities and provinces by boosting tourism, trade, investments and employment.

Through this project, the government is continuously partnering with the private sector to monitor the development of airports across the country, ensuring comfortable, safe, sustainable, affordable and secure travel for all Filipinos.