COURTESY: Aboitiz InfraCapital, Inc. (AIC)
Hey there, aviation enthusiasts and wanderlust wanderers! Buckle up as we dive into the latest buzz in the world of airports and infrastructure. Aboitiz InfraCapital, Inc. (AIC), the infrastructure powerhouse of the Aboitiz Group, has just landed a golden opportunity! They've snagged the notice of award (NOA) to upgrade, operate, and maintain the Laguindingan Airport in Misamis Oriental. With the official signing of the concession agreement just around the corner, AIC is all set to take this airport to stratospheric heights. Let’s explore what this means for Mindanao and beyond!
Laguindingan Airport, nestled in the heart of Northern Mindanao, is about to get a major facelift. AIC received the NOA from the Department of Transportation (DOTr) and Civil Aviation Authority of the Philippines (CAAP) on September 30, 2024, marking a pivotal moment in the airport’s history. AIC's President and CEO, Cosette V. Canilao, couldn’t contain her excitement. She’s all in for transforming this airport into a world-class facility that benefits travelers and the local community alike.
The proposed PHP 12.75 billion project is no small feat. It involves a comprehensive overhaul of the airport’s facilities, including the passenger terminal, airside, and landside enhancements, over a 30-year concession period. With these upgrades, Laguindingan Airport is set to become a beacon of connectivity, tourism, and economic growth in the region. Talk about a win-win situation!
AIC’s adventure in Laguindingan isn’t just a standalone venture. It’s a part of their broader strategy to expand their airports portfolio into Mindanao, further cementing their status as a key player in the Philippine aviation sector. Following their successful management of the award-winning Mactan-Cebu International Airport, AIC is eager to sprinkle some of that magic dust over Laguindingan Airport.
Rafael Aboitiz, AIC Vice President - Head for Airports Business, expressed immense pride in bringing their home-grown Filipino brand of airport operations to Misamis Oriental. Their aim is simple yet profound: to drive socio-economic progress through job creation, tourism development, and enhanced connectivity. With their expertise in infrastructure and technology, AIC is poised to make this vision a reality.
One of the key goals of this ambitious project is to elevate the passenger experience to new heights. By renovating and expanding existing facilities, AIC aims to improve operational efficiency while ensuring the highest safety and security standards. Imagine breezing through a modernized terminal, with state-of-the-art equipment and services that make your journey seamless and enjoyable. Whether you’re a frequent flyer or an occasional traveler, these enhancements promise to make every trip a memorable one.
Moreover, this project is a testament to AIC’s commitment to creating globally competitive airports that showcase the best of the Philippines. By aligning with international standards, they’re not just improving infrastructure; they’re setting the stage for a world-class travel experience that puts the Philippines on the global map.
AIC’s investment in Laguindingan Airport is a crucial piece of their larger puzzle to develop and manage infrastructure assets that boost connectivity across the Philippines. As part of the Aboitiz Group techglomerate, AIC is leveraging its vast experience to drive sustainable growth in the aviation sector.
With the official signing of the concession agreement expected by the end of October 2024, AIC is all set to hit the ground running. Their collaboration with the government and stakeholders underscores their commitment to making this vision a reality. As they continue to pursue opportunities with other regional airports, AIC is not just building airports; they’re building bridges to the future.
So, there you have it, folks! Aboitiz InfraCapital is soaring to new heights, bringing a wave of transformation to Laguindingan Airport. With their eyes on the sky and feet firmly on the ground, AIC is redefining the future of travel in Mindanao and beyond. Keep your seatbelts fastened and stay tuned for more updates on this exhilarating journey!
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