EEI bags civil works contract of Bohol airport project

EEI Corporation has bagged the civil works contract of the 3.36-billion New Bohol Airport Construction and Sustainable Environment Protection Project in Panglao island.

In a disclosure to the Philippine Stock Exchange, EEI said it has signed a Subcontract Agreement with the Chiyoda-Mitsubishi joint venture, which won the contract to build the new Panglao island airport.

The new airport will have a 2,000meter runway and terminal facilities, which can handle 1 million tourists a year. Construction will begin soon and will be completed in 2017.

The project will be mostly funded through yen-denominated loans from the Japan International Cooperation Agency.

This airport will replace the existing Tagbilaran airport. The DOTC said the project would have 6 components and would be funded through a concessional loan from the Japan International Cooperation Agency.

The first component covers insurance, employer’s and engineer’s facilities, environment management, and project and maintenance equipment.

The second component involves building of access roads and airport infrastructure, including the runway strip, runway taxiways, and others. The third component covers utility works, including the water supply, power supply, and sewage treatment.

The fourth component covers the passenger terminal building, control tower, fire station, driver’s lounge, car parks, toilet, guard houses, and others. The project’s fifth component is the air navigation facilities while the sixth component is the aeronautical ground lighting works.