President Ferdinand “Bongbong” Marcos Jr. witnessed the signing of five significant infrastructure agreements on Wednesday, aiming to boost transportation and economic activity across Cebu, Bohol, Dumaguete, and Siargao.
Spearheaded by the Department of Transportation (DOTr), the projects include developments in ports, airports, and a bus transit system, all envisioned to improve connectivity and accessibility for residents and businesses.
Key Projects
Among the signed initiatives is the P17-billion New Cebu International Container Port (NCICP), which will address congestion at the Cebu Base Port and provide additional capacity for port operations.
In Cebu, the P28-billion Cebu Bus Rapid Transit (CBRT) was greenlit to streamline commutes, connecting major areas and easing daily travel for thousands of residents.
Bohol’s P4.53-billion Panglao International Airport project will expand the airport’s capacity from its current 2 million passengers to 2.5 million by 2026 and nearly 4 million by 2030. President Marcos highlighted that the project is expected to generate P15 million in annual revenue within its first five years, climbing to P200 million annually by the end of the concession period.
For Dumaguete and Siargao, regional airport projects will enhance air connectivity, supporting the local workforce, businesses, and the growing tourism industry.
A Vision for Progress
President Marcos emphasized the broader impact of these developments, stating:
“Let us remember: These projects are not just structures, they are representative of every Filipino’s dream of more comfortable travel, better opportunities, and a clearer path towards their goals and dreams.”
The government, supported by the International Finance Corporation, ensures these projects will meet global standards while bringing tangible improvements to Filipinos’ quality of life.