Sun.Star CDO Business
May 27, 2010
THE construction of the USD167.09 million (P7.853 billion) Laguindingan Airport Development Project (LADP) in Laguindingan, Misamis Oriental, particularly the civil works and buildings, is already 65 percent completed as of May 14.
Access road to the airport was completed in January 2010 while land acquisition for the main airport area is 99.24 percent accomplished with 390.95 hectares already acquired of the 393.94-hectare requirement.
Some 370 families have been relocated: 134 families at Phase 1 resettlement site in Barangay San Isidro, Laguindingan and 236 families at Phase 2 resettlement site in Barangay Tubajon, also in Laguindingan.
The air navigation facilities/equipment component of the project will be financed by the Korean Export-Import (Kexim) Bank loan facility.
On May 18, a five-person team of the Economic Development Cooperation Fund (EDCF) appraisal mission on LADP-Air Navigation Aid System Supply Project visited Northern Mindanao for a site survey and to conduct fact-finding activities for the sub-project.
Accompanied by Engr. Felicisimo C. Pangilinan Jr. of the Air Transport Planning Division of the Department of Transportation and Communications, the members of the EDCF Appraisal Mission Team include Chang Young-hoon, mission leader and director of EDCF Department, Kexim Bank; Yi Ji-Eon, deputy director, EDCF Department, Kexim Bank; Woo Binnah, manager, EDCF Department, Kexim Bank; Chai Seung-su, technical consultant of Inha University; and a specialist of Air Navigation Aid System from MLTM (Ministry of Land, Transport and Maritime Affairs).
The team also visited the Lumbia Airport Control Tower to see the air navigation system equipment.
The LADP is one of the State-of-the-Nation Address commitments of Pres. Gloria Macapagal Arroyo for Northern Mindanao.
Civil works are expected to be 72.07 percent completed when President Arroyo’s term ends on June 30, 2010. The project will terminate and will be made operational in January 2012.