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Philippine gov't allocates US$110m to build, refurbish airports
Publication Date : 14-09-2012
The construction and refurbishment of key airports across the country has been provided 4.6 billion pesos (US$110 million) in fresh funds amid the Palace's efforts to advance the public-private partnership programme.
Budget Secretary Florencio B. Abad yesterday said in a statement the amount was released to the Department of Transportation and Communications (DoTC) for the implementation of four PPP projects.
Of the amount, 2 billion pesos is earmarked for the detailed engineering of the runways and taxiways at the New Legazpi Airport in Daraga, Albay.
Also, 1.64 billion pesos is meant for the resumption of the repairs and maintenance activities at the Ninoy Aquino International Airport’s Terminal 1.
This will cover the immediate repair of Naia 1’s mechanical, electrical, plumbing and fire protection systems, as well as the retrofitting of the overall structure.
Further, 800 million pesos has been set aside for the Tacloban Airport’s terminal building and other ancillary facilities, to support growing passenger traffic.
Moreover, 160 million pesos will be used for the Central Mindanao Airport in North Cotabato to help ease the transport of high-value crops in and out of the region.
“The release will support the improvement or creation of more gateways into the Philippines, given the administration’s campaign to cement our position as a prime tourist and investment hub,” Abad said.
“Through the PPP programme, we can make project implementation much more efficient and reform-oriented, so that the gains we make through the initiative will be sustained in the long term,” he added.
The budget chief also expressed confidence in newly installed DoTC Secretary Joseph Abaya following the reassignment of Mar Roxas to the Department of the Interior and Local Government in lieu of Jesse Robredo who passed away last August.
“We welcome the appointment of Secretary Abaya. We trust that his leadership will help speed up our PPP efforts and catalyse further economic growth in the country,” Abad said.
US$1 = 41.7 pesos