Filinvest, JG Summit submit unsolicited bid for Clark airport

GOTIANUN-led Filinvest Development Corp. and the Gokongwei family’s JG Summit Holdings Inc. on Tuesday said the firms submitted an unsolicited proposal for the long-term development of the Clark International Airport through a joint-venture agreement, vowing to spend some P839 billion for their effort.

The said proposal was submitted to the Bases Conversion and Development Authority (BCDA) and the Department of Transportation (DOTr).

The consortium of the two groups has appointed Changi Airports International as their technical partner.

Changi Airports, a wholly owned subsidiary of Changi Airport Group, the operator of Singapore’s international airport, is a leading consultant in the global aviation market and has provided solutions for more than 50 airports in over 20 countries.

“This proposal is different from the one earlier submitted by the consortium, as it does not include the construction of the second terminal building but, instead, proposes the long-term development of the airport into the country’s second international gateway and also includes the operation and maintenance of the existing and new terminals under a joint venture with the BCDA,” the two companies said in a joint statement.

The consortium has committed to invest P839 billion for the long-term development and operations of the Clark International Airport.

In its proposal, the consortium will build future capacity augmentation, expand airport facilities including terminals and runways, among others, as well as operate and maintain the existing and new passenger terminals.

The consortium also proposed to develop, operate and maintain the commercial assets of the Clark International Airport, which include facilities for general aviation and fixed-base operations and real estate.

The development of the Clark International Airport is a joint project of the DOTr and BCDA.

The airport, per Executive Order 14, s. 2017, was declared to be an alternate global gateway in the country and assist in the decongestion of the Ninoy Aquino International Airport.

Earlier this year, the DOTr and BCDA commenced the bidding for the selection of the Engineering, Procurement and Construction Contractor for the phase one of Clark International Airport Expansion, and some 12 local and foreign firms bought the bid documents.

The deadline for submission of the bid documents is on December 5, and the Notice of Award to the winning bidder is to be issued on December 15.

The creation of a new, world-class passenger terminal in the airport is projected to add passenger capacity of 8 million per year, from the existing 4.2 million passengers per year, for a total of 12.2 million passengers per year.

The ultimate target is 80 million per year upon completion of the fourth phase under the latest master plan.

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A journalism graduate and has covered the Philippine business beat for more than a decade.