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P4.17 billion Panglao-Bohol international airport project starts

P4.17 BILLION PANGLAO AIRPORT — President Gloria Macapagal-Arroyo leads the capsule-laying ceremonies for the proposed P4.17 billion Panglao-Bohol International Airport Development Project aimed at enhancing the tourism potential of Bohol and the economic development of the entire Philippines during her visit to Barangay Tawala, Panglao in Bohol. This new world-class airport is expected to boost accessibility to other parts of the Visayas and Mindanao. Assisting the President are (from left) Transportation and Communications Secretary Leandro Mendoza, Bohol Gov. Erico Aumentado, and MIAA General Manager Alfonso Cusi. (Marcelino Pascua/OPS-NIB Photo)

Pres. Gloria Macapagal-Arroyo formally launched the construction of the P4.17-billion Panglao-Bohol International Airport here to boost the tourism and trade potentials of this world-class destination province.

The President led the capsule-laying ceremony in Barangay Tawala assisted by Department of Transportation and Communications (DOTC) Secretary Leandro Mendoza, Manila International Airport Authority (MIAA) General Manager Alfonso Cusi, Bohol Gov. Erico Aumentado, and Panglao Mayor Benedicto Alcala.

After the capsule-laying, the President was briefed by Cusi on the status of the project funded through MIAA’s P3-billion income and P1 billion from the DOTC.

Cusi informed the President that the international airport is targeted to be operational in the first quarter of 2010 and can accommodate one million passengers per year.

The President said the national government did not source any foreign loans for the construction of the Panglao Bohol International Airport as government revenue agencies have consistently exceeded their targets these past few years.

Upon completion of the project, the President said foreign tourists can now come directly and visit the famous destinations in Bohol that include the Chocolate Hills, a candidate in the Internet search for the New Seven Wonders of the World, and Balicasag Island, a popular breathtaking dive site which she herself would have a look at.

The President said Bohol, the tenth largest island of the Philippines, is one of the tourism centers of the country. Located in the heart of the Visayas, it is famous for the tarsier, the world’s smallest primate; pristine beaches and dive spots, caves and crystal springs, ancestral homes, and centuries-old churches.

In an earlier interview, Cusi and Mendoza said the Panglao International Airport would not only cater to tourists and cargo but is expected to boost trade, investments and economic activity in Bohol as it would be a magnet for industrial parks and economic zones. (OPS)

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Last Updated: May 27, 2008