DOTr expedites P21.16B Iloilo airport rehab proposal

The Department of Transportation (DOTr) is expediting the approval process for the Villar Group's unsolicited proposal to rehabilitate and operate the Iloilo International Airport, a P21.16-billion project.

Transportation Secretary Vince Dizon assured local officials that the DOTr will fast-track the Public-Private Partnership (PPP) proposal to support the city's growth.

The proposal from Villar-led Prime Asset Ventures Inc. Consortium is currently undergoing approval by the National Economic and Development Authority (NEDA).

The project aims to improve the airport's management and operational capabilities through an Operate-Add-Transfer (OAT) agreement.

Key features include expanding the passenger terminal building to international standards, constructing an adjacent apron, renovating the existing terminal, and installing modern passenger service equipment.