The Department of Transportation (DoTr) announced the award of the P407.57-million Ormoc Airport development project to a joint venture between E.M. Cuervo, Inc. and Aqualine Construction Corp., both based in Cainta, Rizal, as reported by BusinessWorld.
In a notice of award dated June 8, the DoTr said the joint venture had secured the contract for the airport development project. The project aims to upgrade facilities and improve operations at Ormoc Airport in Leyte, a key infrastructure for transportation and logistics in the Eastern Visayas region.
The award is part of the government's broader infrastructure program to enhance regional connectivity and support economic growth. No further details on the project timeline or scope have been disclosed by the DoTr as of this writing.