Dennis Uy offers P67B plan to develop Davao, Panglao airports
Chelsea Logistics Holdings Corp. (CLC) of Davao-based businessman Dennis Uy submitted to the Department of Transportation an unsolicited proposal for the bundled development, operation and management of Davao and New Bohol international airports for a concession period of 30 years.
?We will modernize both Davao and Panglao international airports into world-class airports without government subsidy by implementing the development in three (3) phases with an estimated total project cost of P67 billion,? said CLC president and CEO Chryss Alfonsus Damuy.
“However, for economical viability of the project, the succeeding works after the development of phase 1 shall be subject to the traffic growth requirements and compliance with the minimum performance standards,? he added.
With the projected airport traffic growing to eight to 15 million passengers in Davao and 1.5 to 2.1 million passengers in Panglao by 2050, CLC believes that bundling these two airports will create opportunities for improved domestic connectivity and international tourism city.
?If the government approves the CLC proposal in 2018, improvement of passenger experience and benefit to the community will start next year.? Damuy said.
Being Mindanao?s premier gateway, the Davao International Airport is targeted to be able to accommodate up to 30 hourly aircraft movements with the construction of a new full parallel taxiway providing improved airfield safety and efficiency.
By the end of the concession period, Davao International Airport?s cargo terminal will be almost three times of its current capacity to keep up with expected air freight demand, while Panglao International Airport?s facility will have expanded by 25 percent more,? Damuy said.