The Clark International Airport Corp. is leasing prime government-owned land surrounding the facility to raise more funds, Joshua Bingcang, CIAC president, said.
According to him, the CIAC has partnered with airport operator Luzon Integrated Premier Airport Development Corp. of LIPAD to put the prime property to good use.
“CIAC is eyeing new locators and will focus on low-hanging fruits that’s ripe for the picking, as we have prime leasable lots accessible to a world-class international airport, inside a tourist-friendly freeport zone, with a passenger and cargo railway operational in the next couple of years,” Bingcang said.
He said the agency’s marketing and business development teams are being augmented for the purpose.
Bingcang said the agency will use as reference its recently updated masterplan specifying mixed-use, commercial, light industries, institutional and residential areas at the aviation complex.
“Some 300 hectares of prime leasable lands in close proximity to the Clark airport will easily become profitable with the resurgence of air travelers and visitors at Clark, so we’re targeting developers of modern transportation hubs, MICE (meetings, incentives, conferences and exhibitions) buildings, hotels and casinos, condotels, theme parks, and commercial centers,” he said.
CIAC manages the 2,367-hectare Clark Civil Aviation Complex, home to the Clark airport, and host to the mixed-use commercial hub Clark Global City and other locators in manufacturing, information and technology, renewable energy, and other non-aviation-related industries.
CIAC is a subsidiary of the Bases Conversion and Development Authority (BCDA) and mandated to ensure the development of the Clark aviation complex. The Department of Transportation (DOTr) exercises policy supervision and operational control over the CIAC.
The DOTr has assigned CIAC to exercise regulatory supervision and oversight of activities within the aviation complex, including the Clark International Airport.
