MANILA, Philippines - The Department of Budget and Management (DBM) on Thursday released P4.6-billion for key airport projects, including improvements at the Ninoy Aquino International Airport Terminal 1 (NAIA-1).
The P4.60 billion was released to the Department of Transportation and Communications (DOTC) for the implementation of public-private partnership programs.
"The release will support the improvement or creation of more gateways into the Philippines, given the administration’s campaign to cement our position as a prime tourist and investment hub. The projects identified under the fund release will directly support this initiative, primarily through the much-needed rehabilitation and development of key airports across the country," Budget and Management Secretary Florencio B. Abad said, in a statement.
The P1.64 billion NAIA-1 rehabilitation project involves restoring the airport's structural integrity and begin long-delayed maintenance activities, such as repair of its mechanical, electrical, plumbing, and fire protection systems and retrofitting of the overall structure.
The DBM allocated P2 billion for the new Legazpi (Daraga) Airport Development project, while P800 million was set aside for the development of Tacloban Airport.
Another P160 million will go to the development of an access point to Central Mindanao via North Cotabato through the Central Mindanao Airport.
"This administration intends to fulfill its commitment to improve conditions in many of our airports through fruitful engagements with the private sector. Through the PPP program, we can make project implementation much more efficient and reform-oriented, so that the gains we make through the initiative will be sustained in the long term," Abad said.
The Budget Secretary also expressed confidence in the newly appointed Transportation Secretary Joseph Emilio Abaya.
"We welcome the appointment of Sec. Abaya and trust that under his leadership, the DoTC will sustain the progress that has already made by Sec. Roxas. This—together with the Administration’s vigorous campaign for more transparent, accountable, and open governance—will help speed up our PPP efforts and catalyze further economic growth in the country," Abad said.