Panglao Island International Airport

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Panglao Island 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.

The NEDA board has now given the green light for the project in September 2012, at the cost of P7.4 billion pesos and to be funded from 2012 to 2017. It will be funded through Official Development Assistance (ODA) instead of the Public-Private Partnership (PPP) scheme. According to Tourism Sec. Ramon Jimenez, Jr. this will save the government additional costs, as the ODA has smaller interest rates since the government is the borrower, compared to the privately funded PPP.

Cost[edit]

The airport will cost 4.8 billion pesos to build.[1]

References[edit]

Coordinates: 09°34′N 123°46.5′E / 9.567°N 123.7750°E / 9.567; 123.7750