The infrastructure business unit of Aboitiz Group, which was previously set to take over the operation and maintenance (O&M) of Bohol Panglao International Airport (BPIA), has not abandoned its bid to manage the installation of 8.9 billion pesos.
Officials from Aboitiz Infra Capital (AIC) arrived in Bohol on Wednesday to meet with Governor Aris Aumentado at the Capitol to provide an update on their bid to take over the O&M of the airport.
According to AIC President and CEO, Cosette Canilao, they have maintained communication with the Department of Transportation (DOTr) to comply with the requirements.
The infrastructure company is now awaiting a response from the Investment Coordinating Committee (ICC) of the National Economic Development Authority (NEDA).
“A few months ago, we submitted updated submissions to DOTR to comply with recent requirements and were currently awaiting action from the ICC,” Canilao said.
In 2018, the NEDA-ICC Cabinet Committee approved AIC’s unsolicited proposal to take over O&M from BPIA.
ICC-CabCom had approved the privatization of O&M of the 8.9 billion peso facility under a 25-year concession period.
However, the impending takeover was snuffed out by the COVID-19 pandemic that erupted in early 2020.
The health crisis has prompted governments to impose strict travel restrictions leading to the closure of borders and the closure of airports including the BPIA. (AD)