A consortium led by the Changi Airport Group — operator of Singapore's famed Changi Airport — is set to take over the operations and maintenance (O&M) of the Clark International Airport.
In an emailed statement on Thursday, the Bases Conversion and Development Authority (BCDA) said the P5.61-billion contract for the O&M of the CIA was awarded the North Luzon Airport Consortium (NLAC) consortium on December 19.
NLAC counts as members Changi Airports Philippines Pte. Ltd., a fully-owned subsidiary of Changi Airports International Pte. Ltd; Filinvest Development Corp., JG Summit Holdings Inc., and Philippine Airport Ground Support Solutions Inc.
"The bid was awarded after the Special Bids and Awards Committee conducted a stringent and very transparent process with the International Finance Corporation of the World Bank (IFC-WB) as its transaction adviser, and the Public-Private Partnership Center (PPPC)," the BCDA said.
With a 25-year concession period, NLAC will take charge of the development and marketing of the Clark International Airport as a major gateway to Northern and Central Luzon.
The project involves the operations and maintenance of the existing and the proposed new passenger terminal buildings on the airport located in the Clark Special Economic and Freeport Zone in Angeles City, Pampanga.
The Changi Group was also earlier tapped by the NAIA Consortium to provide technical support in the bid to rehabilitate the Ninoy Aquino International Airport (NAIA). —NB, GMA News