Company Overview
Company Name
Palau International Airport Corporation (PIAC)
Shareholders
Japan Airport Management Partners CO., Ltd.: 51.0%
Intermediate holding company
Sojitz: 45.5%
Japan Airport Terminal: 30.3%
JOIN: 19.0%
Nippon Koei: 5.2%
Republic of Palau: 49.0%
Establishment Date
August 11th, 2017
Representative
Manabu Yoshida, President/CEO
Hideshi Oshimo, Vice President/COO
Head Office
P.O. Box 1726, Koror, Republic of Palau, 96940
TEL: (680)587-1181/1182/1183
Business Activities
Operation and management of terminal building, etc.
Renovation and expansion of current terminal building
PIAC Logo
Palau International Airport as a motif, expresses the excitement and uplifting feeling of travelling to Palau, with endless emerald green sea and awaiting time in dream destination. The design images airplane reflecting on sea flying toward Palau. Using the two colors of national flag, the two curved lines each show fine nature and culture of Palau, and, bringing together the memory of the precious time in Palau.
History
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2015-2016
JICA PPP-Feasibility Study
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February 2016
Leadership Meeting
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May 2017
Congress Approval from OEK
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August 7th, 2017
Signing of Joint Venture Agreement
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August 11th, 2017
Establishment of JV Company
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August 21st, 2017
Signing of Concession Agreement
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April 14th, 2019
Handover Ceremony
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December 17th, 2021
Start of Operation at New Terminal Building (Departure Terminal)
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February 28th, 2022
Completion of All Construction Work
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May 8th, 2022
Grand Opening Ceremony
Photo of New Terminal Building
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