Aboitiz bags original proponent status to take over New Bohol Airport

Aboitiz InfraCapital Inc. (AIC), the infrastructure arm of conglomerate Aboitiz Equity Ventures Inc, said Friday that its proposal for the operations and maintenance, future development, and expansions of the New Bohol International Airport has been granted original proponent status (OPS) by the Department of Transportation (DOTr).

“In line with AIC's commitment to support the Philippine government's efforts in advancing infrastructure within the country, we look forward to moving ahead with our proposal to provide a long-term solution for the operations, maintenance and future expansions of the New Bohol Airport," Sabin Aboitiz, AIC president and CEO, said in a statement.

"Our vision is to transform the New Bohol Airport into a prime example of excellence and efficiency for regional gateways,” Aboitiz said.

The new airport, located on Panglao Island, is intended to replace the current airport in Tagbilaran City, which is currently serving under one million passengers per year.

The OPS grant is therefore a crucial step toward AIC’s partnership with the government to develop world-class infrastructure, and to establish a high standard for regional airport operation, Aboitiz said.

“We believe our proposal provides an expedient and comprehensive solution for the immediate and long-term needs of the New Bohol International Airport," he said.

"We also remain committed and ready to support the government in its initiative to develop and enhance other regional airports throughout the country," he added. — MDM, GMA News