THE Cabinet committee of the National Economic and
Development Authority (NEDA) has approved the increase in the
project cost of the new Iloilo Airport Development Project (NIADP).
The NEDA said it approved the
P2.572 billion increase, or 42 percent higher than the approved cost
of P6.2 billion.
The cost overrun was due to the
change in scope owing to additional civil works and consultancy
The project, which was completed
in April, involves the construction of a new domestic trunk line
airport of international standards at the Sta. Barbara/Cabatuan site
to replace the existing airport at Manduriao.
The NIADP enjoyed funding from
the Special Yen Loan Package Agreement of the Japan Bank for
International Cooperation (JBIC).
The airport’s runway is 2,500
meters by 45 meters and could accommodate Airbus 330s with seating
capacities of 276. The apron is 48,200 square meters, which can
accommodate 6 aircraft at one time.
The Department of Transportation
and Communications (DOTC) is the implementing agency.
In addition, the NEDA approved
the P8.65 billion Agrarian Reform Communities Project Phase II of
the Department of Agrarian Reform (DAR).
The project aims to increase the
income of agrarian reform beneficiaries (ARBs) and improve the
quality of life in those communities .