Miscellaneous / Non-Defense Related Topics > Airports and civil aviation

Hanjin wins contract for Laguindingan Airport project

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Stringfellow Hawk:
Hanjin wins contract for Laguindingan Airport project
By Mike Baños
 
 
Cagayan de Oro City – Korean construction firm Hanjin Heavy Industries & Construction (HHIC) has been awarded the contract for the construction of the P7.853 billion (US$167.09 million) Laguindingan Airport Development Project.

Misamis Oriental Gov. Oscar S. Moreno confirmed he has been informed by the Department of Transportation and Communications (DOTC) last week that indeed Hanjin won the bidding for the airport’s civil works.

“DOTC informed me the Korean Eximbank financing the project has awarded the civil works for the airport to Hanjin,” Moreno said.

The LADP complex covers around 400 hectares, with a substantial portion being donated by the Ayala Corporation. It would eventually replace the Cagayan de Oro (Lumbia) airport, and the Iligan (Balo-i) airport.

Both airports have terrain restrictions that rule out both night flights and wide-body aircraft. Both are elevated and frequently experience flight cancellations due to inclement weather, with a number of fatal crashes already occurring at Balo-I airport.

DOTC sources said three Korean construction firms –Hanjin , Samsung and Daewoo had initially signified their intention to bid for the project but that Samsung eventually dropped out of the final bidding, leaving Hanjin and Daewoo.

HHIC is not a new to Misamis Oriental and Northern Mindanao. In its previous incarnation as the Hanil Development Co., Ltd. it was responsible for the construction of the Iligan-Cagayan-Butuan Road (ICBR) in 1973 which is still cited as one the country’s best highways today. Hanil changed its name to Hanjin Construction Co., Ltd. on Mar. 12, 1994.

The company website of HHIC originally posted the following story on its URL: http://www.hanjinsc.com/english/sub/culture/cm_05main_01.asp?num=60 but the story was only confirmed by government officials this week:

“On the 12th, Hanjin Heavy Industries & Construction (HHIC) announced that it won the Laguindingan Airport development project (USD 106.2 million) in the Philippines. The project, through which all airport facilities including the 2.5km-long runway, passenger terminal, and cargo terminal will be built, will be funded by the Export-Import Bank of Korea and EDCF. Construction will begin early next year.

As a gateway to Mindanao, one of the three main islands of the Philippines, the new airport will be located 30km northeast of Cagayan downtown and north of Mindanao. It will serve as the replacement of the old Cagayan Airport.

Since 1973, HHIC has successfully completed a total of 70 development projects including the Manila LRT (Light Rail Transit) system and Davao International Airport. It has been the No.1 foreign construction company in the Philippines.

At present, the company is launching 9 development projects including Bacolod Airport, Bohol-Bayon Dam/Canal, Metro-Illy Road, Catubic Dam and is developing a dockyard in Subic Bay.”

HHIC is also the contractor for the construction of the site construction, taxiway, and passenger terminal Incheon International Airport completed in November 1992.

Although HHIC only ranks 12th in Korea and 98th globally in terms of construction engineering capacity, HH is one of Korea’s Top 100 companies, and is held in high esteem globally as the first shipbuilding company in Korea. It is one of the world’s Top 10 shipbuilding companies and has been cited as the World’s Outstanding Shipbuilder for the 15th straight year since 1992.

On top of the Laguindingan airport project, HHIC recently announced its intention to build a US$2 billion shipyard complex at a 300 hectare site in the Phividec Industrial Estate in Misamis Oriental that would be twice the size of its Subic shipyard in Zambales.

Hanjin President Jeong Sup Shim made the disclosure during a courtesy call on President Arryo in Malacañang last November 27, 2007. The project is expected to create some 30,000 new jobs for engineers, welders, and steel fabricators.

Jeong said construction of the shipyard would start early next year and be operational by 2010.

Besides shipbuilding and repair; infrastructure, architecture and engineering; Hanjin also undertakes plants and logistics equipment manufacturing.

HHIC’s announcement was also independently confirmed by Korean Eximbank (The Export-Import Bank of Korea) Engineering & Environment Advisory Office at its own website: http://www.koreaexim.go.kr/en/fservice/m01/s04_03.jsp
 
http://kagay-an.com/articles.php?art_id=1784&sec_id=1&cat_id=1

Adroth:
New airport to serve as gateway to Northern Mindanao
By KRIS BAYOS
April 25, 2011, 4:06pm

http://www.mb.com.ph/articles/315572/new-airport-serve-gateway-northern-mindanao

MANILA, Philippines — Northern Mindanao will be more accessible to passengers, tourists, and businessmen, and enticing for trade and commerce with the scheduled completion of the Laguindingan Airport Development Project (LADP) next year.

This as the Department of Transportation and Communications (DOTC) is fast-tracking the completion of the LADP, which is due for completion by January 2012.

< Edited >

"When it begins operations, the Laguindingan Airport will replace the existing Lumbia Airport in Cagayan de Oro City," De Jesus said.

< Edited >

Adroth:
From: http://embassy_philippines.mofat.go.kr/eng/as/embassy_philippines/mission/notice/index.jsp

Seaweed:

--- Quote ---
The Department of Transportation and Communications said the Korea Economic Cooperation Development Fund will lend out $13.29 million for the improvement of the air navigation system of the Laguindingan Airport.

The Laguindingan Airport will require a better instrument landing system, a Doppler radar, a communications system, an automated weather observation system, electrical works for the air navigation system and aeronautical ground lighting system, among others.



--- End quote ---

http://www.interaksyon.com/article/37282/13-29m-korean-loan-tapped-for-laguindingan-airport-upgrade

40niner_com:
Languindingan Airport from the air. 
[July 16, 2012]

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