The city council in its regular session on June 26 approved the resolution allowing the city government to enter into a memorandum of agreement with the National Commission for Culture and the Arts and the National Museum of the Philippines .In a committee report, the council said the main objective and purpose of the project is to investigate and determine the original foundation of Fort San Pedro Iloilo through excavation works.
The city council also said that the restoration initiative aims not only to enhance the site but to understand the historical significance of Fort San Pedro and preserve its value for future generations.In February this year, the NMP and architects from the city government, conducted an inspection of the site.The pre-restoration of the cultural property is estimated to cost P4 million, with funds allocated from the NMP's budget as outlined in the 2024 General Appropriations Act.