Philippines' Department of Transportation and Communications (DOTC) invited (16-Aug-2013) bids for the USD79.41 million design and build contract for the upgrade and expansion of Puerto Princesa Airport. The project includes construction of a new passenger terminal, cargo terminal, control tower, administration and operation building, maintenance building and emergency services facility; installation of security equipment, navigation aids, communication equipment, runway lighting, traffic control equipment, baggage handling equipment; rehabilitation of taxiways, aircraft aprons and roads; and construction of a new airport access road. Philippines' Government received a USD71.6 million loan from the Export-Import Bank of Korea towards the cost of the project. [more - original PR]
Bids invited for Puerto Princesa Airport upgrade and expansion project
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And it is unclear how much further Korea's LCCs can grow in the short term. They have mostly flown domestically, and slots are now constrained. International opportunities are also challenging, and further complicated by the Jan-2017 decision of China to reject charter applications during the popular – and very profitable – Chinese New Year. Korea's LCCs needed liberalisation, not antagonism.
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CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.