A Japanese joint venture, Mitsubishi Corp and engineering firm Chiyoda Corp, bagged the contract to construct, operate and maintain a world-class airport in Panglao Island in Bohol. This will be the first greenfield airport project of the current administration to be developed as an ‘eco-airport’ with the application of advanced Japanese technology. Works will start before the end of summer this year.
“It will replace the current airport, and will be designed with adequate capacity to accommodate passenger increases in the future,” Mitsubishi said in a statement.
This is the second joint venture executed by Chiyoda and Mitsubishi – Ulaanbaatar International Airport project in Mongolia, which is still undergoing construction, was the first.
“The New Bohol Airport will include facilities such as 2000-meter runway, passenger terminal building which can accommodate 1 million passenger annually, and airport special equipment,” Mitsubishi said.
Department of Transportation and Communications will be the lead government partner through the technical and financial assistance of the Japan International Cooperation Authority (JICA).