VILLAR-LED Prime Asset Ventures, Inc.’s (PAVI) unsolicited proposal for the operations and maintenance of the Iloilo International Airport has successfully accomplished negotiations, in response to the Public-Private Partnership (PPP) Center.
“There’s a successful negotiation as of Sept. 16, 2024. The following step is they’ll need to submit it to the suitable approving body. The implementing agencies are DoTr (Department of Transportation) and CAAP (Civil Aviation Authority of the Philippines),” PPP Center Deputy Executive Director Jeffrey I. Manalo told reporters on the sidelines of a press briefing last week.
The project have to be submitted to the ICC (NEDA Investment Coordination Committee) before it could be endorsed and beneficial for NEDA Board’s final approval, Mr. Manalo said, adding that the comparative challenge will begin once the ultimate NEDA approval is secured.
“The project cost is above P15 billion, so it would need to be submitted to the ICC before it could be endorsed and beneficial for final NEDA approval. Then after that, a minimum 90-day comparative challenge (to 1 12 months),” he said.
PAVI holds the unique proponent status for the P21.16 billion rehabilitation, expansion, operation, and maintenance of the Iloilo International Airport.
The project goals to enhance the management and operational capability of the Iloilo International Airport through an operate-add-transfer agreement, in response to information from the PPP Center.
PAVI has also submitted an unsolicited proposal and is the unique proponent of the P10.24-billion Puerto Princesa International Airport.
The Transportation department expects to denationalise the Iloilo and Puerto Princesa airports by next 12 months. — Ashley Erika O. Jose
