A party-list lawmaker said on Sunday the Department of Transportation and Communications (DOTC) is set to spend a total of P9.1 billion next year to upgrade 31 international and domestic airports.
House Deputy Minority Leader and LPG-MA Rep. Arnel Ty said the bulk of the DOTC’s 2016 budget for aviation-related development projects will go to Panglao International Airport (P2.136 billion); Clark International Airport (P2.093 billion); and Naga Airport (P1.002 billion).
“Some of the money will be for new construction and facilities, and some for continuing projects,” said Ty, a member of the House transportation committee.
Moreover, the lawmaker said that domestic and international air-travel explosions due to falling aviation jet fuel prices would benefit the national economy.
Buoyed by lower fuel costs, the country’s two dominant carriers—Cebu Pacific Air and Philippine Airlines—now offer new promotional fares for domestic, as well as international destinations.
“Last year higher fuel prices accounted for 40 percent to 49 percent of the operating costs of Philippine Airlines and Cebu Pacific Air. This year lower fuel prices represent just 30 percent to 39 percent of their operating costs,” Ty said.
“If we look at how Filipinos are spending their savings from cheaper air fares, the money appears to be going mainly to travel-related expenses, including increased food consumption in airport terminals,” he said.
The higher consumption spending spurred by the drop in fuel prices contributes to overall economic growth, according to the lawmaker.
Airports getting fresh development funding:
- Antique Airport-P10 million
- Bagabag Airport-P11.8 million
- Basco Airport-P33.2 million
- Bicol International Airport-P747.4 million
- Butuan Airport-P2 million
- Calbayog Airport-P203.6 million
- Cauayan Airport-P198.0 million
- Cotabato Airport-P51.5 million
- Dipolog Airport-P25.4 million
- Laoag International Airport-P13.5 million
- Ozamiz Airport-P20 million
- Puerto Princesa International Airport-P68.1 million
- Roxas Airport-P95.4 million
- San Jose Airport-P185.7 million
- San Vicente Airport-P34 million
- Sanga-Sanga Airport-P577.7 million
- Siargao Airport-P264.1 million
- Siquijor Airport-P40.8 million
- Taytay Airport-P8.8 million
- Tuguegarao Airport-P194.6 million
- Virac Airport-P32.6 million
- Zamboanga International Airport-P160.1 million.
Source: Jovee Marie dela Cruz, http://www.businessmirror.com.ph