Tuesday, 24 March 2009

Philippine airport project 30% complete

Photo from http://www.skyscrapercity.com/showthread.php?t=519650&page=46

Annabelle L. Ricalde

AN OFFICIAL of the Department of Transportation and Communications (DOTC) said Monday the P7.8 billion Laguindingan Airport is now almost one third complete.

Engineer Della Capicenio, Laguindingan Airport Project Development (LAPD) project manager, said that with the current rate of construction, the multi-billion peso airport project may be completed ahead of the January 17, 2012 target date.

"The scheduled target accomplishment is on January 17, 2012 but currently we have revised the schedule since as of March 15, 2009 the airport is now 29.51 percent complete," Capiceno said over the weekend.

Capicenio said the airport's runway is scheduled to be completed next year and the access road to the airport, now 80 per cent complete, is expected to be finished by June this year.

The airport is a flagship project of President Gloria Macapagal Arroyo under the Mindanao Super Regions Program.

With this development, Misamis Oriental Governor Oscar Moreno said he is confident the construction of the Laguindingan Airport, undertaken by Korean contractor Hanjin Heavy Industries and Construction Corporation, is on track.

Moreno said the resolution of the case pending at the Court of Appeals (CA) regarding the remaining contested areas covered by the airport project will not affect the scheduled completion of the project even with a threat from an indigenous people’s (IP) group to declare a tribal war against the Korean contractor.

Hanjin, with the assistance of the military and the police, has been pushing on with the demolition of the remaining structures inside the LAPD site since last week.

Capicenio, however, said the demolitions are being done with the full consent of the owners.

The LAPD is funded partly from a loan secured by the Philippine government from the South Korean government. The breakdown of the total loan package for the project is as follows: from the Economic Development Cooperation Fund (EDCF), US$ 22.40 million (original loan); EDCF, US$ 8.2 million; Export Credit, US$ 62.75 million; Nordic Investment Bank (NIB), US$ 13.38 million; and the government of the Philippines, US$ 60.36 million for a total of US$ 167.09 (Php7.853 billion).

The loan is payable in 20 years, with a grace period of 10 years. Repayment of the loan, to be shouldered by the national government, will start in 2010.

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