Where to get P4 Billion for Panglao Airport?

[pioneer]

The Bohol Chronicle

The Panglao Island Tourism Estate Inter-Agency Task Force (PITE IA-TF) chaired by Gov. Erico Aumentado tackled Friday the concern of where to get the funds for the P4-billion airport after the Manila International Airport Authority (MIAA) had committed only up to P3 billion.

MIAA General Manager Alfonso Cusi earlier said the authority will get the amount from payables of the Philippine Airlines (PAL).

The task force invoked Section 6 of Memorandum Order (M.O.) 178-A signed by President Gloria Macapagal-Arroyo on January 13, 2006 that provides that the Department of Budget and Management (DBM) Secretary shall regularly releases the allotments and disbursement authority … as authorized in the General Appropriations Act, covering both loan proceeds and local fund counterparts, and from the budgets of DOTC [Department of Transportation and Communications], PTA [Philippine Tourism Authority], DOT [Department of Tourism], ATO [Air Transportation Office] and PPA [Philippine Ports Authority].

[grazie7y]

With all the effort and emotions involved in discussing whether or not to have an airport in Panglao unja diay wa man diay fund!  The 3 Billion pesos commitment of the MIAA is not really a ready cash kay collectible pa man sa PAL.  Oh well.