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JG-Filinvest to deliver new Clark gateway by 2020

/ 01:42 PM March 15, 2017

A consortium formed by the Gokongwei and Gotianun groups vowed to deliver a brand-new world-class Clark International Airport (CIA) by 2020 – if the government would accept its unsolicited airport infrastructure proposal.

Filinvest disclosed that its unsolicited proposal had been submitted as early as July last year after the government announced that it was open to accepting such unsolicited proposals for infrastructure projects.

“With early completion in mind, our unsolicited proposal is based on the Aeroport de Paris Masterplan prepared for Clark International Airport (CIA) last 2015 in order to fast track its development. The new CIA will serve the residents of central and northern Luzon and at the same time help ease congestion at NAIA,” the JG Summit-Filinvest consortium said.

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The group said it had submitted its proposal with the objective of fully complying with the requirements of the Build-Operate-Transfer (BOT) law.

Under the BOT Law, only complete proposals will be given due course and entertained, the group said.

The group had proposed a 50-year concession period once the brand-new Clark International Airport is built. The new airport will start with an initial capacity for eight million passengers compared to the existing traffic of one million, the group said.

The masterplan allows the Clark gateway to expand its terminals and runways to easily accommodate for the traffic growth over the next 50 years.

The consortium commits to a “robust and regular capacity augmentation program to insure the CIA will continually meet the passenger service performance standards of world-class airports.”

JG Summit and Filinvest are among the largest conglomerates in the country with businesses that span airline operations, malls, housing, condominiums, petrochemicals, banking, branded food manufacturing, and power among others.

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TAGS: Clark airport, filinvest, JG Summit
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