7-Jan-2010 9:29 AM

Bacolod, Cagayan de Oro airports to be sold by Philippines government

Philippines Department of Transportation and Communications confirmed plans to sell Bacolod Airport and Cagayan de Oro Airport as a result of the development of the new Bacolod-Silay Airport and Laguindingan International Airport (BusinessWorld Online, 06-Jan-2010). The sites may be redeveloped into commercial areas with proceeds used to finance other government infrastructure programs. Bidding will commence within Jan-2010 depending on the completion of document drafting. Laguindingan Airport is scheduled to open in 3Q2010.