• NEDA kick-starts Clark Airport devt with P1.2B

    0

    THE National Economic and Development Authority (NEDA) has appropriated P1.2 billion of the P7.2-billion budget it approved for the construction of a low-cost carrier passenger terminal building (LCC-PTB) for Clark International Airport, giving the project a much needed impetus to start immediately.

    Clark International Airport Corporation (CIAC) president and chief executive officer Emigdio Tanjuatco 3rd expressed gratitude to the NEDA Investment Coordination Committee (NEDA-ICC) for the support it has shown for the project.

    The new facility is expected to boost the development of Clark Airport and attract more airlines and investors to operate at the 2,367-hectare Clark Civil Aviation Complex.

    “We are grateful for the support given by NEDA-ICC as well as the support of the local government units, the regional development council and the province of Pampanga,” Tanjuatco said.

    “The fact that the national government infused P1.2 billion for airport improvement is an indication of the government’s support through the Department of Transportation and Communication (DOTC),” he added.

    NEDA-ICC last week approved the initial phase for the P1.2 billion LCC-PTB project for Clark International Airport, paving the way for the realization of the project.

    Tanjuatco said that the LCC-PTB was designed by French airport operator Aeroports de Paris as commissioned by the DOTC. The new facility can accommodate as many as 15 million passengers annually.

    “The initial phase of P1.2 billion LCC-PTB project is set to be presented before the NEDA Board meeting for discussion next week and it would be taken up before President Aquino for approval,” he said.

    “Once the president approves it, hopefully the bidding for the project will start by the middle of this year,” Tanjuatco added.

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.