Laguindingan Airport

27 February 2013

CAGAYAN DE ORO CITY (PIA) - President Aquino, in his speech during his visit in this city Tuesday, revealed his excitement about the opening of the Laguindingan Airport.

"Malawak ang potential sa kaunlaran ng Misamis Oriental lalo na po sa turismo, kaya naman excited na po tayo sa pagbubukas ng bago ninyong Laguindingan Airport sa April 30, 2013. Ito po ang maghahatid sa mga turista na nais bumisita sa isla ng Camiguin, Cagayan de Oro, at Iligan (There is a big potential for progress in Misamis Oriental, especially in tourism, that is why we are excited for the opening of your new Laguindingan Airport on April 30, 2013. This will ferry tourists who want to visit the island of Camiguin, Cagayan de Oro, and Iligan)," said the President.

The project was funded through a P5.1-billion loan provided by the Korean Import Export Bank on December 28, 2007, and a government counterpart of P2.9 billion.

Costing P7.9 billion, it was approved by the National Economic Development Authority (NEDA) Board on September 18, 2007. The airport is expected to be fully-operational on 2014.

The President added that with the new airport, more than 460,000 tourist arrivals in the city, as tabulated in 2011, can be expected, and can reach up to 2.5 million foreign and domestic tourist arrivals in 2016.