Aboitiz InfraCapital Inc. has submitted an unsolicited proposal to the Department of Transportation (DOTr) for the redevelopment of the Iloilo International Airport.
“We are actively exploring further opportunities for growing our airport platform and in fact we have just submitted an unsolicited proposal to develop and improve the Iloilo International Airport as a response to [Iloilo] Mayor Treñas,” Cosette Canilao, president and CEO at AIC said.
Treñas earlier sent a letter of request to the National Economic and Development Authority (NEDA) and to InfraCapital to consider upgrading the airport under the Public Private Partnership (PPP) scheme.
“We believe that we have the right ingredients in AIC in terms of experience and expertise via our technical partner Dublin Airport authority and on-ground knowledge to deliver the best solution for Iloilo,” Canilao said.
According to Canilao, the company also submitted updated unsolicited proposals for the Bohol International Airport, the Laguindingan Airport and the Bicol International Airport for evaluation and approval of the National Economic Development Authority (NEDA).
“We are hopeful that the collaborative process with government as counterpart and technical working groups will streamline the processes,” she said.
Canilao said the company has set aside P32 billion in capital expenditure (capex) this year, lower than last year’s P42 billion.
“This year the AIC will be spending P32 billion for the continued expansion of the economic estates, expand the telco tower business as well as new investment in digital infrastructure,” she said.
A portion of the funds will be utilized for the completion and maintenance of Apo Agua in Davao City, she added.
