• Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick
Investments Aims
EconomyEditor's Pick

Davao, Siargao, Bicol airports upgrade proposal under review

by August 4, 2025
by August 4, 2025

THE Department of Transportation (DoTr) said the bundled unsolicited proposal to modernize and upgrade three regional airports is now being assessed.

“Our airports are a priority…  This is the first bundled airport unsolicited proposal that we have received since we took over the DoTr earlier this year,” Transportation Secretary Vivencio B. Dizon said in a statement on Monday.

The DoTr said it had received the first bundled unsolicited proposal to upgrade and expand Davao, Siargao, and Bicol airports from a consortium composed of JG Summit Infrastructure Holdings Corp. and Filinvest Infra-Solutions Ventures, Inc.

The DoTr said the unsolicited proposal for the three airports will be subject to negotiation in accordance with the Republic Act No. 11966 or Public-Private Partnership (PPP) Code.

According to the PPP Center, the P16.05-billion bundled airport project includes the development, operation, and maintenance of the Davao International Airport, and Bicol International Airport over a 30-year concession period, and a 15-year concession period for Siargao airport.

The PPP Center endorsed the proposal to the DoTr through the Civil Aviation Authority and the Davao International Airport Authority.

“The Civil Aviation Authority and the Davao International Airport Authority informed the proponent and the PPP Center that it will proceed to the detailed evaluation of the proposal,” the PPP Center said. — Ashley Erika O. Jose

0 comment
0
FacebookTwitterPinterestEmail

previous post
Typhoons, losses, and taxes
next post
Alaska Milk not expecting to raise prices this year

You may also like

Coco fund law amendment seen boosting replanting

August 4, 2025

Farm output likely benefited in Q2 from weak...

August 4, 2025

SC partly rejects VAT claim in Coral Bay...

August 4, 2025

DoT exploring ways to expand visitor traffic from...

August 4, 2025

Proposed flood-control budget reduced 26% to P275 billion

August 4, 2025

Business registrations dip after POGO ban

August 4, 2025

Alaska Milk not expecting to raise prices this...

August 4, 2025

Typhoons, losses, and taxes

August 4, 2025

SC Malampaya ruling expected to boost investor confidence

August 3, 2025

Free WiFi target set at 70,000 sites in...

August 3, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • ‘I Don’t Know What the Hell Happened’: MTG Blasts GOP for Betraying America First Voters — Vows to Stay and Fight for MAGA Movement From Inside the Swamp

    August 5, 2025
  • FINALLY! President Trump Set to Sign Executive Order to CRACK DOWN on Woke Banks Targeting Conservatives

    August 5, 2025
  • U.S. Transportation Secretary Sean Duffy to Fast‑Track Plans for 100 kW Nuclear Reactor on the Moon by 2030: Report

    August 5, 2025
  • Federal Appeals Court Rules Texas Can Enforce Law Requiring ID For Mail-In Ballots

    August 5, 2025
  • Trump’s Border Wall: Major Progress and Massive Funding in 2025

    August 5, 2025
  • Terms & Conditions
  • Privacy Policy
  • Contact us
  • About us

Copyright © 2024 Investments Aims. All Rights Reserved.

Investments Aims
  • Politics
  • Economy
  • Stock
  • World News
  • Editor’s Pick