Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Land acquisition underway for new Zamboanga City airport site

by
July 13, 2022
in Investing News
0
Land acquisition underway for new Zamboanga City airport site
0
SHARES
15
VIEWS
Share on FacebookShare on Twitter
THE EXISTING Zamboanga International Airport is planned for conversion into a commercial complex when the new one is built. — CAAP

NEGOTIATIONS are underway for some of the private lots that will have to be acquired for the planned new Zamboanga International Airport, according to the Zamboanga City government.    

Representatives of the City Planning and Development Office and City Assessor’s Office informed Mayor John M. Dalipe in a meeting on Tuesday that state-owned Land Bank of the Philippines (LANDBANK) has so far appraised 44 properties.   

“Out of 44 lots appraised by the Land Bank of the Philippines, 10 lots amounting to P152M are now subjects of negotiation,” the local government said.   

An initial P1-billion fund under the national budgets for 2019 and 2020 have been allocated for land acquisition for the new airport that is estimated to cost P9.9 billion.   

A portion of the allocation was ready for downloading in early 2020, before a state of emergency was declared due to a coronavirus pandemic.   

Reelected Zamboanga City 2nd District Rep. Manuel Jose “Mannix” M. Dalipe, the mayor’s brother, initiated the inclusion of the fund in the General Appropriations Act for those two years.   

The city government, under former Mayor Maria Isabelle Climaco-Salazar, was planning to put up the project under a public-private partnership scheme.  

The new airport site is located about 17 kilometers outside the congested city center, where the current Zamboanga International Airport is located.   

In Feb. 2018, former Finance Secretary Carlos G. Dominguez III expressed support in moving the airport “to a new, more viable location.”    

The existing airport is planned for conversion into a commercial complex. — MSJ 

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Agri damage from monsoon rains hits P27.28M, over 1,400 farmers affected 

Agri damage from monsoon rains hits P27.28M, over 1,400 farmers affected 

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

PHL stocks sink ahead of Powell testimony, BSP

PHL stocks sink ahead of Powell testimony, BSP

June 22, 2022
Headline inflation rates in the Philippines

Headline inflation rates in the Philippines

July 5, 2022
TUMI and Razer™ team-up debuts limited-edition esports-inspired bags

TUMI and Razer™ team-up debuts limited-edition esports-inspired bags

June 9, 2022
S. Korea’s Yoon suspends informal media briefings, citing COVID

S. Korea’s Yoon suspends informal media briefings, citing COVID

July 11, 2022
Rookie swimmer Alegarbes splashes to record-breaking golden double in Para Games

Rookie swimmer Alegarbes splashes to record-breaking golden double in Para Games

August 2, 2022
No evidence riders get minimum wage through gig labor — report

No evidence riders get minimum wage through gig labor — report

August 11, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.