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| Stock photo of Naia 3 |
PRESS
RELEASE
July 12,
2012Office of Secretary Manuel A. Roxas II
DOTC WOOING KOREAN FIRMS FOR
LAGUINDINGAN
AIRPORT UPGRADE PROJECT
Manila,
Philippines–The Department of Transportation and Communications (DOTC) is
wooing large Korean firms to improve the air navigation system at the
Laguindingan Airport in Misamis Oriental.
Transportation
Secretary Manuel Araneta Roxas II explained that the fund will come in the form of a loan
from the Economic Cooperation Development Fund of the Republic of Korea, which
will be coursed through the Export-Import Bank of Korea.
Among the
items needed for the airport upgrade are the instrument landing system, a
Doppler radar, a communications system, an automated weather observation
system, electrical works for the air navigation system and aeronautical ground
lighting system, among others.
Roxas said
that the entire Laguindigan airport development project is almost finished.
About 90 percent of its civil works have been completed by the South
Korea-based Yooshin Engineering Corp., the SCHEMA Konsult, Inc., and the Hanjin
Heavy Industries and Construction Co. Ltd.
Once opened,
he said economic activity in this region would soar to new heights as the
airport is envisioned to be a major trunkline air facility.
“This will
be a major trading and tourist hub,” Roxas said. “Its operation would have a
multiplier effect in the region, and this would mean more jobs for the people.”
The
Laguindingan airport is eyed to be the main airport of Cagayan de Oro and
Iligan cities in northern Mindanao, as a counterpart of the Davao international
airport in Southern Mindanao. It is expected to help boost Mindanao’s potential
as a national food basket being an exporter of the country’s major agricultural
exports such as banana and coconut.
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