DOF plans heritage, urban renewal project in Iloilo

September 19, 2014 10:27 am 

ILOILO CITY, Sept. 18 – The Department of Finance (DOF) is set to implement its multi-million peso project focused on the preservation of Iloilo City's heritage sites that include the transformation and renewal of the Iloilo Customs House and surrounding vicinity.

This was announced by Senate President Franklin M. Drilon this week after the DOF made known its plan for a new development area in the city dubbed as the "Iloilo Heritage and Urban Renewal Project."

Drilon said the Iloilo Customs House and the surrounding area will soon undergo major restoration and renovation as part of the ongoing efforts to preserve the city’s heritage sites.

In an interview, Drilon relayed that Finance Secretary Cesar V. Purisima informed him of the DOF plan in identifying a larger area which has potentials to be part of the integrated development area. This may include the Freedom Grandstand, Sunburst Park, Bureau of Fisheries and Aquatic Resources building and several eateries surrounding the Customs House.

Built in 1901, the Aduana building itself is housing several government offices such as the Philippine Postal Corp and its services, Customs Police and the Bureau of Immigration and Deportation (BID).

DOF is in the process of crafting a concept note on the restoration project and once the Concept Note is completed, we plan to file for an application for funding the Project Development and Monitoring Facility of the PPP Center for procurement of Transaction Advisors who will prepare an urban development plan and heritage preservation plan per heritage building as well as the bidding documents for the transaction,” said Purisima in a letter to Drilon on September 11.

Drilon said the DOF is considering tapping private investors through the Public-Private Partnership (PPP) scheme to fund the project. (PNA)



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