Signing: Laguindingan International Airport PPP Project Concession Agreement (Speech) 10/28/2024

President’s Hall, Malacañan Palace
October 28, 2024

“Witnessing the signing of this concession agreement is a reminder of what we are capable of doing so long as we remain committed to this common goal — to help improve the lives of our people,” President Ferdinand R. Marcos Jr. conveyed as the project to improve the Laguindingan International Airport officially started.

Considered a clear testament to the continued partnership between the government and the private sector, the PhP12.75 billion Agreement aims to modernize the Airport by expanding its facilities, upgrading terminals, augmenting capacity and delivering services in a safer, more efficient and more convenient way.

According to the President, this serves as the Administration’s commitment to invest in the development of Northern Mindanao by means of monitoring the development of airports across the country and ensuring comfortable, safe, sustainable, affordable and secure travel for all Filipinos.

“The improvement of the airport will significantly boost tourism, create jobs, increase business presence and ultimately aid in our goal — in achieving our goal of economic growth… Air travel is already a challenge, but it is now up to us to offer seamless service, so that our visitors will feel the warmth and welcoming nature of Filipinos,” the President said.

As its capacity expands, the project is expected to accommodate 3.9 million passengers per year in its first phase and 6.3 million passengers by the end of the second phase.

The Chief Executive expressed his gratitude to the Department of Transportation (DOTr), the Civil Aviation Authority of the Philippines (CAAP) and all its partners in the private sector for consistent collaboration to deliver quality services to the Filipino people. He urged them to remain on track in completing and implementing transportation projects.

“We look forward to witnessing a revitalized Laguindingan International Airport — a reliable hub that will inspire everyone to explore what lies beyond its terminal gates. Let us all buckle up and take off towards a brighter and more connected Bagong Pilipinas,” President Marcos Jr. concluded in his speech.

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