P12.75 billion ok’d for Laguindingan airport expansion
The National Economic Development Authority (NEDA) said it approved the expansion of Laguindingan Airport in Misamis Oriental, which has become the most overcrowded airport in the region.
NEDA Secretary Arsenio Balisacan approved the “parameters, terms, and conditions of the upgrade of the airport,” Mindanao’s second busiest airport.
The airport serves the cities of Cagayan de Oro, Iligan, and Marawi and the provinces of Misamis Oriental, Bukidnon and Lanao del Norte.
In 2019, the airport served 2.3 million passengers, according to government figures.
New solar plant to be constructed in Phividec, Misamis Oriental
A new 20-megawat solar plant will be constructed at the Phividec Industrial Estate in the municipality of Tagoloan in Misamis Oriental this year.
Juan Eugenio Roxas, president and CEO of Filinvest’s power arm, FDC Utilities Inc., signed an agreement with lawyer Joseph Donato Bernedo, Phividec administrator and CEO, for FDC’s first solar plant in Mindanao.
“We are excited to share the positive outcome of our project which we hope to start construction this year,” Roxas told reporters in a press conference last week.
