Poro Point airport development gains joint funding

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The state-owned Bases Conversion and Development Authority (BCDA) said that the development of the Poro Point San Fernando Airport at the Poro Point Freeport Zone in San Fernando, La Union into an international gateway is now among the projects under the government’s public-private-partnership (PPP) program.

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BCDA President and chief executive Arnel Paciano Casanova said the Project Development and Monitoring Facility Board of the PPP Center has approved funding support for the engagement of Transaction Advisory Services for the development of the said airport.

“We are confident in the expertise of the PPP Center to take the lead in bidding out the development of the Poro Point San Fernando Airport,” Casanova said.

“With the project under the PPP Center, the development of the airport will be fast-tracked,” he added.

Casanova noted that the proposed project shall have two components, namely, the upgrading of the airport facilities to meet the International Civil Aviation Organization requirements for safety and to serve larger aircrafts for international flights; and the construction of airport terminal with commercial complex.

He said that the PPP Center is now preparing the necessary documentation for the procurement of the TAS or consultant to do the feasibility study, prepare bid documents, and assist in the bidding process until the financial closure of the project with the private developer/investor.

The project development phase is an important first step as it will define the parameters for the next phase, which is the design and construction phase. The construction phase is seen to start by the middle of 2015, Casanova said.

Raadee S. Sausa

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