ILOILO CITY – The proposed expansion of the Iloilo Airport will cost approximately P14.7 billion.
Iloilo Gov. Arthur “Toto” Defensor Jr. disclosed this, citing data from the Civil Aviation Authority of the Philippines , an attached agency of the Department of Transportation , during a recent meeting in Manila.Based on CAAP data, the proposed rehabilitation will undergo a contract-add-and-operate scheme.
The CAO scheme gives the government the authority to “collect rental payment under agreed terms and schedule while regaining control at the end of lease term.” The airport that straddles the towns of Santa Barbara and Cabatuan opened in 2007 when the old airport in Iloilo City was closed.
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