Finance Sec. Ralph Recto —Edwin Bacasmas
MANILA, Philippines — The Philippines has secured funding for the event of a brand new Dumaguete Metropolis Airport in Negros Oriental, Finance Secretary Ralph Recto mentioned on Wednesday.
On the Kapihan sa Manila Bay information discussion board, Recto mentioned that the federal government and state-owned Export-Import Financial institution of Korea (KEXIM) solid a mortgage settlement for the P17.06 billion mission.
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“The brand new airport will improve our capability to welcome a surge of vacationers within the post-pandemic period. With the brand new Dumaguete airport, we anticipate accommodating as much as 2.5 million passengers per yr, up from simply 800,000. From serving restricted home flights, we will now open the door to worldwide routes,” mentioned Recto.
In the meantime, in a press release, the DOF mentioned that round P13 billion of the overall mission value shall be supported by the KEXIM.
The brand new Dumaguete Metropolis Airport mission covers 197.55 hectares of land improvement within the Municipality of Bacong, Negros Oriental.
It’s set to adjust to home and worldwide requirements for operational security and effectivity.
Apart from Dumaguete, the DOF mentioned that the federal government is eyeing upgrading extra regional airports nationwide to modernize each island within the archipelago.
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