A new “low-cost carrier” terminal for airlines offering budget travel is being constructed at the airport. The facility, which has a capital budget of PHP7.2 billion (US$152.7 million), is likely to open in 2016 and add capacity for at least 15 million extra passengers per year, according to a recent statement from the country’s Department of Transportation and Communications. There are also plans to expand terminal two at the airport and to build a third one.
Seems like things will start shortly.
FCG Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
