Clark Airport consortium commits to invest P6B, double terminal capacity | Inquirer Business

Clark Airport consortium commits to invest P6B, double terminal capacity

By: - Business Features Editor / @philbizwatcher
/ 04:03 PM January 04, 2019

The consortium that recently bagged the Clark International Airport concession, a triumvirate consisting of the Gokongwei, Gotianun and Singaporean airport operator Changi, committed to invest about P6 billion to modernize this international gateway and double the terminal capacity to eight million passengers per annum.

Filinvest Development Corp. (FDC), JG Summit Holdings Inc., Philippine Airport Ground Support Solutions Inc. and Changi Airport Philippines (I) Pte. Ltd. (CAP), a wholly owned subsidiary of Changi Airports International, formed the North Luzon Airport Consortium (NLAC) to undertake this project.

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The notice of award was given to NLAC for this hybrid public-private partnership project with a 25-year concession by the Bases Conversion Development Authority (BCDA) in December 2018.

“We are honored to be given the opportunity to participate in the development of Clark International Airport. We believe in the potential of the Philippines and the Luzon region. Together with our partners and with the support of key stakeholders, we will develop Clark as the region’s premier gateway,” said Lim Liang Song, chief executive officer of Changi Airports International.

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“Building on the airport’s geographical position and catchment, we will grow the airport’s network and provide passengers with a superior airport experience including a brand new commercial area. In addition to global brands, the new airport terminal will also have a curated selection of retail and food and beverage outlets that showcases the best of what the Philippines has to offer,” he added.

NLAC intends to promote Clark International as the Northern and Central Luzon Gateway Airport by actively engaging strategic partners like tourism authorities and airlines.  The consortium also vowed to grow traffic and build a wider route network, and establish connectivity to Clark with more domestic and international points.

“With the new Clark International Airport, travelers and visitors can expect to be greeted with fast, efficient and hassle-free service. We believe that the ease in travel in a world-class airport will help boost the region’s tourism industry and related businesses. It is NLAC’s vision to redefine the air travel experience at Clark International Airport. The airport will be the Northern and Central Luzon’s gateway, connecting the region to the rest of the Philippines and the world,” FDC president and chief executive officer Josephine Gotianun-Yap said.

“We are very optimistic about the prospects of Clark International Airport and will do our part to support its growth by providing a world-class gateway airport. With our group’s experience in airline operations, property development and our various consumer-oriented businesses, we will provide the best service and value proposition to both passengers and airlines to make Clark International their airport of choice,” said Lance Gokongwei, president and CEO of JG Summit Holdings.

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TAGS: business news, Changi, Clark Airport consortium, Gokongwei, Gotianum, Investment, Philippine news updates
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