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The Iloilo International Airport project was inaugurated by President Gloria Macapagal Arroyo on January 25, 2004, and construction work on the new airport started on April 14 that year. [31] [better source needed] The original expected deadline of completion was June 2007, [32] although this was moved to the first quarter of 2007.
This influx of investment has led to the development of commercial and residential projects, including office buildings, shopping centers, hotels, and residential condominiums. In 2015, the Iloilo Convention Center was constructed on the former site of the airport's passenger terminal, which had been demolished between 2012 and 2013.
The Build Better More (BBM) is the infrastructure program of the Marcos administration (2022–2028). It superseded the Build! Build! Build! infrastructure program of the Duterte administration (2016–2022). The following Infrastructure Flagship Projects (IFP)s were identified by the National Economic and Development Authority (NEDA).
The Dutch dredging firm Boskalis Westminster was selected for the development of approximately 1,700 hectares (4,200 acres) of land for the new airport. [39] By June 2021, preparatory work was in progress, with the land development project expected to be completed by the end of 2024. [39] [40]
In August 2000, the Japan Bank for International Cooperation included the Second Magsaysay Bridge and the Butuan Bypass Road in its Special Yen (ODA) Loan Scheme worth JP¥ 34,723 million, along with the New Iloilo Airport Development Project and the Subic Bay Port Development Project. Of this loaned amount, JP¥ 3,549 million was allocated for ...
Poverty incidence of Santa Barbara 5 10 15 20 2006 14.70 2009 13.54 2012 13.14 2015 17.28 2018 11.38 2021 11.02 Source: Philippine Statistics Authority Santa Barbara is a major municipality with a high annual income within Metro Iloilo. It serves as a gateway to Iloilo City as it hosts the access road to Iloilo International Airport. The municipality is home to various large commercial ...
Iloilo Business Park was the site of Mandurriao Airport, the former main airport of Iloilo until 2007, when Megaworld Corporation acquired the property and developed it into a mixed-use development. Since then, the area has experienced significant growth and is now bounded by two other major developments in Mandurriao, namely SM Iloilo of SM ...
Part of the development project is the construction of the new terminal building and the extension of the runway from 2,100 meters (6,900 ft) to 2,500 meters (8,200 ft). These developments are necessary to make the airport an international airport by 2026.