The five qualified bidder for the airport PPP projects are the following:
These PPP projects involve the development, operations and maintenance of five regional airports. The concession period will be 30 years. The total investment is estimated at about P110 billion (US$2.35 million).
The five regional airport projects were divided into two bundles: Package A, which includes Iloilo and Bacolod-Silay airports, has a total project investment estimated at P50 billion (US$1.07 million), and Package B, which includes the Davao, Laguindingan, and New Bohol (Panglao) airports, has a total project investment estimated at P60 billion (US$1.28 billion).
The private partner will undertake the operation and maintenance of the airport as well as provide additional facilities and other necessary improvements to enhance passenger safety, security, access, passenger and cargo movement efficiency, and operational efficiency under a defined concession period.