Construction firm EEI Corp. has joined the Japanese Chiyoda-Mitsubishi team in a project to build the P2.34-billion New Bohol (Panglao) Airport under the government’s public-private partnership (PPP) program.
In a disclosure to the stock exchange, EEI said it signed a subcontract agreement with the Chiyoda-Mistubishi joint venture on Wednesday to construct the new Bohol airport.
“The subcontract agreement consists of the supply and construction of the civil portion of the project,” EEI said.
The Department of Transport and Communications (DOTC) recently awarded the construction, operation and maintenance of the airport PPP project to the Japanese team-up of Chiyoda-Mitsubishi under the PPP program.
The New Bohol (Panglao) Airport will replace the existing airport and 850-square meter terminal in Tagbilaran City, which is the eleventh busiest airport in the country at present.
From the recorded 789,800 passengers the current airport catered to in 2013, the new airport will be expanded and is expected to accommodate 1.7 million passengers yearly. The project is expected to be completed by 2017.
Other than the Bohol airport, more regional airports are in the pipeline for bid auction, including Bundle 1 that consists of P20.26-billion Bacolod-Silay Aiport project and the P30.4-billion Iloilo Airport project, as well as Bundle 2 that covers the P40.57-billion Davao Airport project, P14.62-billion Laguindingan Airport project, and the P2.34-billion New Bohol Airport project, already awarded.
Interested bidders are the GMR-Megawide group, Metro-Pacific-JG Summit Consortium, Aboitiz Equity Ventures, San Miguel Corp., Philippine Skylanders Inc, and Union Equities.
The opening of bids is slated for January next year, followed by the awarding in February.