Mandurriao Airport
Encyclopedia
Mandurriao Airport also known as Iloilo Airport during its operation, was the main airport
serving the area of Iloilo City
and the province of Iloilo
in the Philippines
. The airport was located five kilometers northwest of downtown Iloilo City in the district of Mandurriao
. The airport was the fourth-busiest airport overall and the busiest domestic airport in the Philippines, accommodating over 700,000 passengers and over 5,000 tons of cargo in 2005.
Having been in service since the 1930s, Mandurriao Airport has since been replaced by Iloilo International Airport
, located nineteen kilometers northwest of Iloilo City proper and subsequently decommissioned on June 14, 2007. Current plans for the airport complex include converting it into a new business development.
The Old Iloilo Airport property in Manduriao has been scheduled for privatization by first half of 2007. The city government views the successful privatization of this property as key to the revitalization of Iloilo City.
As of 3 April 2007, 5 large Philippine real estate developers pre-qualified as bidders of the airport. These are Ayala Land, Empire East, Robinsons Land, Rockwell Land, and SM Prime. The Privatization Council set the minimum price for the 54 hectare property at P1.2 billion (P2,200 per square meter).
The bidding for the Manduriao Airport was conducted on 9 May 2007. Among the pre-qualified bidders, only Robinsons Land, Empire East, and SM Prime Participated. The following table shows their respective bids:
Developer - Bid
Robinsons Land - P 1,089 million
Empire East - P701 million
SM Prime - P436 million
The Old Iloilo Airport Bids and Awards Committee (BAC) declared a failed bidding because no bid went above the minimum price. Thereafter, the BAC decided to enter into a Negotiated Sale process. The 5 pre-qualified bidders were then invited to participate. However, a member of the Privatization Council was adamant in keeping the P1.2 billion minimum price.
Only Robinsons Land submitted a bid on the last day of the Negotiated Sale, 14 June 2007. It bid P908 million for the property. The BAC had no choice but to declare a failure on the Negotiated Sale. Unfortunately for the people of Iloilo and the local city government, some BAC members have no private sector experience and they do not see the logic behind RLC's lower bid. The BAC worked on lowering the minimum price of the property. However, some agencies have not consulted their principals on the minimum price that these principals are comfortable with.
Months after battling technicalities, the bidding pushed through. Megaworld acquired the 54-hectare old Iloilo Airport site for Php 1.2 billion (roughly $2.5 million) to be developed into a mixed-use residential and commercial complex.
Airport
An airport is a location where aircraft such as fixed-wing aircraft, helicopters, and blimps take off and land. Aircraft may be stored or maintained at an airport...
serving the area of Iloilo City
Iloilo City
The City of Iloilo is a highly urbanized city in the Philippines and the capital city of Iloilo province. It is the regional center of the Western Visayas, as well as the center of the Iloilo-Guimaras Metropolitan Area...
and the province of Iloilo
Iloilo
Iloilo is a province of the Philippines located in the Western Visayas region. Iloilo occupies the southeast portion of Panay Island and is bordered by Antique Province to the west and Capiz Province and the Jintotolo Channel to the north. Just off Iloilo's southeast coast is Guimaras Province,...
in the Philippines
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
. The airport was located five kilometers northwest of downtown Iloilo City in the district of Mandurriao
Mandurriao, Iloilo City
Mandurriao is one of the seven districts of Iloilo City, located in the Philippines. It is bounded by Molo to the south and west, City Proper to the south and east, and La Paz to the north....
. The airport was the fourth-busiest airport overall and the busiest domestic airport in the Philippines, accommodating over 700,000 passengers and over 5,000 tons of cargo in 2005.
Having been in service since the 1930s, Mandurriao Airport has since been replaced by Iloilo International Airport
Iloilo International Airport
Iloilo International Airport is the airport serving the general area of Iloilo City, the capital city of the province of Iloilo and the regional center of the Western Visayas region in the Philippines...
, located nineteen kilometers northwest of Iloilo City proper and subsequently decommissioned on June 14, 2007. Current plans for the airport complex include converting it into a new business development.
Future development
Under Executive Order 282, an Asset Disposition Program was created to study the method of privatization of the property. Executive Order 360 devolved the chairmanship of this program to the Department of Finance.The Old Iloilo Airport property in Manduriao has been scheduled for privatization by first half of 2007. The city government views the successful privatization of this property as key to the revitalization of Iloilo City.
As of 3 April 2007, 5 large Philippine real estate developers pre-qualified as bidders of the airport. These are Ayala Land, Empire East, Robinsons Land, Rockwell Land, and SM Prime. The Privatization Council set the minimum price for the 54 hectare property at P1.2 billion (P2,200 per square meter).
The bidding for the Manduriao Airport was conducted on 9 May 2007. Among the pre-qualified bidders, only Robinsons Land, Empire East, and SM Prime Participated. The following table shows their respective bids:
Developer - Bid
Robinsons Land - P 1,089 million
Empire East - P701 million
SM Prime - P436 million
The Old Iloilo Airport Bids and Awards Committee (BAC) declared a failed bidding because no bid went above the minimum price. Thereafter, the BAC decided to enter into a Negotiated Sale process. The 5 pre-qualified bidders were then invited to participate. However, a member of the Privatization Council was adamant in keeping the P1.2 billion minimum price.
Only Robinsons Land submitted a bid on the last day of the Negotiated Sale, 14 June 2007. It bid P908 million for the property. The BAC had no choice but to declare a failure on the Negotiated Sale. Unfortunately for the people of Iloilo and the local city government, some BAC members have no private sector experience and they do not see the logic behind RLC's lower bid. The BAC worked on lowering the minimum price of the property. However, some agencies have not consulted their principals on the minimum price that these principals are comfortable with.
Months after battling technicalities, the bidding pushed through. Megaworld acquired the 54-hectare old Iloilo Airport site for Php 1.2 billion (roughly $2.5 million) to be developed into a mixed-use residential and commercial complex.