Thursday, November 29, 2012
PRESIDENT Benigno Aquino III and the National Economic and
Development Authority (Neda) board approved the P8-billion expansion of
the Mactan-Cebu International Airport (MCIA) terminal in a meeting at
Malacañang yesterday.
“Cebu finally gets its new airport passenger terminal,” read the text message of MCIA Authority General Manager Nigel Paul Villarete, minutes after Aquino affixed his approval signature.
Villarete said the Neda board gave the go-signal for the project’s implementation.
Aquino is the chairperson of the Neda board, which is composed of different government
agencies, including the Department of Finance.
At the meeting were Department of Transportation and Communication officials, such as Secretary Joseph Emilio Aguinaldo Abaya, Undersecretary Rene Limcaoco and Assistant Secretary Jimmy Feliciano.
Villarete said he was the one who answered questions from Neda board members regarding MCIA’s operations and on why there was a need for a new terminal.
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Interested bidders
Once the project is completed, operations and management of MCIA will fall under the Public-Private Partnership program of the Aquino administration.
The airport terminal expansion has attracted interest from big business
establishments, such as the Ayala Corp. and Aboitiz Equity Ventures Inc., which signed a joint-venture agreement to bid for the project.
The existing terminal was built in 1995 and is relatively dilapidated, compared to the newer terminals in the country.
Villarete earlier said the terminal was designed for 4.5 million passengers annually.
And with traffic volume registering 6.2 million passengers in 2011 and expected to break the seven-million mark this year, the airport is congested.
“Cebu finally gets its new airport passenger terminal,” read the text message of MCIA Authority General Manager Nigel Paul Villarete, minutes after Aquino affixed his approval signature.
Villarete said the Neda board gave the go-signal for the project’s implementation.
Aquino is the chairperson of the Neda board, which is composed of different government
agencies, including the Department of Finance.
At the meeting were Department of Transportation and Communication officials, such as Secretary Joseph Emilio Aguinaldo Abaya, Undersecretary Rene Limcaoco and Assistant Secretary Jimmy Feliciano.
Villarete said he was the one who answered questions from Neda board members regarding MCIA’s operations and on why there was a need for a new terminal.
ENJOY GOOD LIFE + INVESTMENT, CLICK HERE
Interested bidders
Once the project is completed, operations and management of MCIA will fall under the Public-Private Partnership program of the Aquino administration.
The airport terminal expansion has attracted interest from big business
establishments, such as the Ayala Corp. and Aboitiz Equity Ventures Inc., which signed a joint-venture agreement to bid for the project.
The existing terminal was built in 1995 and is relatively dilapidated, compared to the newer terminals in the country.
Villarete earlier said the terminal was designed for 4.5 million passengers annually.
And with traffic volume registering 6.2 million passengers in 2011 and expected to break the seven-million mark this year, the airport is congested.
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