Thursday, 30 December 2010

New Laguindingan airport seen operational by 2012

BusinessWorld
http://www.bworld.com.ph/main/content.php?id=23667

CAGAYAN DE ORO CITY -- The P8-billion Laguindingan International Airport located between the cities of Cagayan de Oro in Misamis Oriental and Iligan in Lanao del Norte will be completed in third quarter next year and should be ready to accommodate regular flights by February 2012, the regional office of the National Economic and Development Authority (NEDA) said.

"There was just a short lull when the funding source for air navigational system shifted from Germany to the Export-Import Bank of Korea," said Jaime H. Pacampara, chief economic development specialist of NEDA’s regional office, said in an interview. "Procurement of the air navigation facilities is now ongoing."
A NEDA report, dated Nov. 21, said 72.24% of the 400-hectare project has been completed, including the access road to the airport site from the national highway. -- LGD

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