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Home Business Top Business Lipad to lead Clark airport’s O&M soon

Lipad to lead Clark airport’s O&M soon

 

Luzon International Premier Airport Development Corporation (Lipad) would soon start leading the operations and maintenance (O&M) of Clark International Airport, the Department of Transportation said.

Transport Secretary Arthur Tugade said recently the government would turnover the O&M to Lipad, formerly North Luzon Airport Consortium, by August 16.

Lipad is composed of Filinvest Development Corp., JG Summit Holdings, Inc., Philippine Airport Ground Support Solutions Inc., and Changi Airport Philippines Pte. Ltd.

Bi Yong Chungunco, chief executive officer of Lipad, said the group would takeover the existing terminal in the Clark air hub while they wait for the new passenger terminal building to be completed by Megawide GMR consortium.

“We just takeover the [existing terminal] and see what changes would be needed,” she said.


“GMR-Megawide is building [a new passenger terminal] … We’re waiting for them to hand it over to us, and once it is handed over we will fit it out,” Chungunko added. He said the group looks into repurposing the old terminal, and move airlines to the new terminals.

Lipad in December last year won the O&M deal, beating X-Droid Consortium, members of which were Angkasa Pura II, Globalport 900, Mazy Capital and Desco.

Under the agreement, Lipad has a 25-year concession to lead the modernization and management of the airport.

In a previous statement, the group said it would spend about P6 billion to improve and increase the air hub’s capacity to serve eight million passengers per annum, doubling the current capacity of the existing terminal.

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Today’s Front Page January 22, 2020

Today’s Front Page January 22, 2020