Aquino breaks ground on Cebu airport resort

Philippine President Benigno Aquino III led the groundbreaking ceremony for an airport resort in Cebu that aims to increase the airport's annual passenger capacity from 4.5 million to 15 million.

In a statement, presidential spokesperson Edwin Lacierda said the project aims to stimulate the economy and boost the country’s reputation as a tourist and business destination, The PhilStar reported.

The project covers the construction of a new international passenger terminal at the Mactan-Cebu International Airport and the renovation of the existing terminal and its conversion into an exclusively domestic facility, according to the Department of Transportation and Communication.

The DOTC said the construction of the new terminal will be completed by 2018 while the renovation of the existing terminal is slated to be finished in 2019.

"It will not only cement our place on the global map as a major tourist and business destination, it will boost the local economy and is projected to generate jobs especially in Cebu," said DOTC Secretary Joseph Abaya.

Earlier this year, Reuters reported that US-based RiskWise Group and Macau Resources Group plan to spend a billion dollars on two new casino resorts in Cebu and on an island in Masbate province.

 

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