Megaworld wants to sign contract in Iloilo
The Privatization Council has already approved the bid of property developer Megaworld Corp. to buy the 54 hectares old airport site in Mandurriao district.
Mayor Jerry Treñas said the government is more likely to sign the final agreement next month.
Treñas said the Department of Finance (DoF) is finalizing the documentation on the sale of the property for P1.2 billion. There are certain procedures that the government should observe, he said.
Treñas added that top officials of Megaworld even wanted to do the ceremonial signing of the acquisition of the property in Iloilo City as soon as possible. He, however, did not name the top executives of Megaworld Corp.
He added that the city has no problem when it comes to the development of the area since Megaworld got the services of Palafox and Associates to do the urban planning on the 54-hectare property.
Palafox and Associates is known for their expertise and they are also part of the group that will do the tourism planning for Iloilo and its nearby provinces. The city is confident that whatever designs and investment they may have will conform with the city's development plan.
Meanwhile, a portion of the concrete fence of the airport site was destroyed by unknown persons just recently.
The perpetrators smashed the fence and got the steelbars that support the hollow blocks. Before the fence was destroyed, there were also people who rooted up the electrical lines that used to light the airport's runway.