7 days ago
Aboitiz Infra embarks on P4.53-B investment plan in Bohol-Panglao Airport takeover
'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas," AIC president and CEO Cosette Canilao said.
Aboitiz InfraCapital Inc. (AIC) is set to take over the operations and management of the Bohol-Panglao International Airport (BPIA) in June.
In a news release on Wednesday, AIC said it is embarking on a P4.53-billion investment plan that includes the expansion of BPIA's passenger terminal building, installation of modern aviation systems, and enhancements to airside and landside facilities.
The company said that within one to two years, upon taking over the BPIA, the airport's current capacity of two million passengers yearly will be expanded to 2.5 million.
AIC is expanding further BPIA's capacity to 3.9 million passengers annually come 2030.
Under a 30-year concession agreement, AIC, the infrastructure arm of the Aboitiz Group, will formally take over operations of BPIA in June 2025.
AIC said its takeover of the BPIA will support Bohol's economic momentum, with planned capacity upgrades paving the way for expanded tourism and regional growth.
BPIA will be added to the company's aviation portfolio along with Mactan-Cebu International Airport in Cebu and Laguindingan International Airport in Misamis Oriental.
'The modernization of BPIA is not just about upgrading infrastructure—it's about enabling the continued rise of Bohol as a vibrant tourism and economic hub in the Visayas. We are proud to support the province's aspirations through transformative infrastructure ecosystems such as BPIA,' said AIC president and CEO Cosette Canilao. –NB, GMA Integrated News
