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Tuesday, October 30, 2007

 

NEDA OK’s new Iloilo airport cost overruns 


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 services.

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 .
--Darwin G. Amojelar

  
 

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