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Clark Airport Concession Agreement

By Zach Arnold | September 14, 2021

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In response to Sangil`s assertion that the oversight function of Clark International Airport Corporation (CIAC) was removed by the concession agreement, it stated that the Department of Transportation (DOTr) and its affiliated agencies remained responsible for overseeing the CRK. “All O&M proposals for existing airports on hold, including those already being evaluated by ICC, will need to review the draft concession contract to take over Clark O&M CA. Panglao and Laguindingan have agreed to do so,” Reinoso said. MANILA – The Conversion and Development Authority (BCDA) on Thursday defended as “favorable” to the government the recent acquisition of the operation and maintenance (O&M) of Clark International Airport (CRK) by a private concessionaire. The Clark Airport concession contract – as discussed in the Base Conversion and Development Authority`s (BCDA) information memorandum in its O&M tender last year, in which NLAC participated – outlines distinct roles for the state and private sector of the project. “We are still waiting for the revision of their concession contract before we can confirm it again to NEDA. You have to revise it based on the secretary`s instructions,” Under Secretary of State for Planning Ruben S. Reinoso, Jr., said in a phone call Sunday. The Department of Transportation (DoTr) will require all airport project developers to design concession contracts developed on the basis of the Clark International Airport Operations and Maintenance (O&M) Concession Agreement signed with the North Luzon Airport Consortium (NLAC).

“Clark is present, so lahat ng proyekto, unsolicited proposal sa airport na existing, kailangan lang na i-pattern ko doon para wala nang diskusyon (Clark Airport`s concession contract is in place, so all projects, existing unsolicited proposals for airports, must only follow this model, so there will be no more discussions),” he said. “The project has been approved by the National Economic and Development Authority (NEDA) and the concession agreement is overboard,” the BCDA said. “Pag sinabi kong i-pattern, i-pattern mo sa kondisyon, i-pattern mo sa assumptions, i-pattern mo sa lenggwahe. Baguhin mo lang`yung mga financial. Kasi syempre, airport, different sizes, different kwan. So kailangan baguhin`yun (When I say patterns, I mean patterns of conditions, assumptions, language. It is enough to change the financial figures, because airports have different sizes and specifications. So it`s the finances that change. The conditions also said the government “will exempt the concessionaire from substantial adverse government measures.” In a statement, BCDA said its concession agreement with Luzon International Premier Airport Development (LIPAD), the new O&M provider of CRK`s existing and new passenger terminals, included an 18.25 percent stake in revenue and an annual lump sum payment of PHP 500 million to BCDA as the government`s implementing authority for 20 years.

MANILA, Philippines – The North Luzon Airport Consortium has officially signed the concession agreement for the operation and maintenance of Clark International Airport, which has been granted by the National Conversion and Development Authority (BCDA). With the signature, the consortium can now lay the foundations for the development of the airport. It has pledged to equip £6 billion to equip a new terminal to the existing gateway….

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