Manila Bulletin
DOTr prioritizes proposal to privatize Iloilo Airport
The Department of Transportation (DOTr) is prioritizing the Iloilo Airport for privatization through a public-private partnership (PPP) proposal.
DOTr Secretary Vince Dizon stated that the proposal is on a very advanced stage and should be completed by this year.
PAVI, a subsidiary of the Villar Group, submitted a proposal exceeding P20 billion for the airport's rehabilitation and redevelopment.
While the PPP proposal is processed, P190 million has been allocated for initial repairs and upgrades to the terminal building, to be implemented by the Civil Aviation Authority of the Philippines (CAAP).
These immediate works include the repair or upgrade of air-conditioning units, escalators, passenger seats, and restrooms.
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