The $52.65m (P2.5bn) Caticlan Airport development project in Philippines has been approved by The National Economic and Development Authority (NEDA) board.

The project involves building a new passenger terminal, extending the existing runway from 950m to 2,100m, improving the airport’s road network, and upgrading airport facilities and air traffic control support.

The Caticlan International Airport Development Corporation also plans to build other support facilities, install firefighting equipment and construct a road diversion.

The project is based on a build-rehabilitate-operate-transfer agreement and will receive no government funding.