THE International Finance Corp. (IFC) has released the finalized agreements between the Bases Conversion and Development Authority (BCDA) and the North Luzon Airport Consortium on running Clark International Airport in Pampanga province.

In a statement on Wednesday, the World Bank Group member said the concession on the operation and maintenance (O&M) of the Central Luzon air hub for 25 years followed “the engineering, procurement and construction (EPC) public-private partnership (PPP) concluded in 2017.”

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