Philippine’s Department Of Transportation And Communications (Dotc) has unveiled plans for investing P9.1bn (S198m) for upgrading the 31 international and domestic airports in the country next year.
The money will be used for new construction as well as for projects which are underway at the country’s airports.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under the Dotc’s 2016 budget for aviation-related development projects, Panglao International Airport will receive P2.136bn, Clark International Airport will be awarded P2.093bn and Naga Airport will receive P1bn.
The Bicol International Airport will receive P747.4m, Zamboanga International Airport will be awarded P160.1m, Puerto Princesa International Airport will receive P68.1m and Laoag International Airport will be awarded P13.5m.
The Dotc is planning to invest another P700m for public-private partnership projects at the Davao International Airport, Iloilo International Airport, Bacolod International Airport, Laguindingan International Airport, and Panglao International Airport, reported ABS-CBNnews.com.
Dotc will spend P100m for new communications and navigational surveillance as well as air traffic management systems besides P25m for the redevelopment, improvement and capacity expansion project at the Ninoy Aquino International Airport (NAIA).
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAccording to a report by CAPA, the aviation industry in the Philippines has been thriving with 11 international airports and 26 domestic airports. when compared to other South Asian countries.
Improved market conditions, aircraft delivery deferrals and lower fuel prices have contributed to the growth of the industry in country.
