Panglao Island International Airport
|Panglao Island International Airport
Paliparang Pandaigdig ng Pulo ng Panglao
Tugpahanang Pangkalibotanon sa Pulong sa Panglao
|IATA: none – ICAO: none|
|Operator||Civil Aviation Authority of the Philippines|
|Serves||Panglao, Tagbilaran and Dauis in Bohol|
Panglao Island International Airport also known as New Bohol International Airport is an airport to be built on Panglao Island in the province of Bohol, Philippines. It is intended to become Bohol's international airport to support its tourism industry, especially on Panglao Island which is being promoted as an alternative destination for Boracay Island, When PIIA is opened, it will replace Tagbilaran Airport.
The airport is close to Tagbilaran Airport in Tagbilaran City which serves as the gateway to Panglao Island and the rest of mainland Bohol for domestic air travellers. It also is less than three hours travel time from Mactan-Cebu International Airport, which is a gateway to the Central Philippines for international tourists.
In September 4, 2012, the NEDA Board of the Philippines approved a resolution giving the green light for the construction of the airport. The proposed airport was to be funded through Official Development Assistance (ODA) instead of the Public-Private Partnership (PPP), an infrastructure-building programme of the government of the Philippine wherein the private sector may participate in any of the schemes authorized by its build-operate-transfer law.
On March 27, 2013 , the Japan International Cooperation Agency signed an agreement with the Republic of the Philippines to build the Panglao Island International Airport at 10.78 billion yen under the project name New Bohol Airport Construction and Sustainable Environment Protection Project. The signing signaled the roll out for the construction of a new airport in the province of Bohol at an island adjacent to Tagbilaran Airport.
From its initial plan, the project was expected to finish in 2016 but has since then been moved to 2017 opening.
Initially, the airport's cost was pegged at ₱4.8 billion pesos to build but was later increased.
On June 9, 2014, six Japanese firms submitted bids for construction of the propose airport at a cost of ₱7.14 billion to be funded from official development assistance (ODA) loan from the Japan International Cooperation Agency. On December 15, 2014, the Department of Transportation and Communications started its search for bidders to bid out for the operations and maintenance of the airport at a minimum cost of ₱4.57 billion.
If concession bidding pushes through, the cost of construction versus the cost of lease concession will result in as high as ₱2.57 billion loss on the part of the government.