Clark Airport battle lines drawn: Gokongwei-Gotianun group teams up with Changi
The consortium of Filinvest Development Corp. and JG Summit Holdings Inc. have formally submitted an unsolicited proposal to the government to modernize and operate the Clark International Airport in Pampanga at a cost of P839 billion.
Completing the consortium is Singapore’s Changi Airports International, which will serve as the technical partner for the JG-FDC group’s bid to develop the Clark Airport through a joint venture agreement with the Bases Conversion Development Authority.
A wholly-owned subsidiary of Changi Airport Group, CAI is a leading consultant in the global aviation market and has provided solutions for more than 50 airports in over 20 countries. Its parent firm is the operator of Singapore Changi Airport.
“The proposal is different from the one earlier submitted by the consortium as it does not include the construction of the second terminal building but instead proposes the long- term development of the airport into the country’s second international gateway and also includes the operation and maintenance of the existing and new terminal under a joint venture with BCDA,” FDC said in a stock exchange filing.
The consortium has proposed to expand airport facilities including terminals and runways, among others, as well as operate and maintain the existing and new passenger terminals and facilities for general aviation and fixed- base operations, and real estate.
The fight for the development of Clark Airport is seen to be stiff with another group led by engineering and construction conglomerate Megawide Corp. and India’s GMR, which submitted a P250 billion unsolicited proposal to the Department of Transportation.
The Clark Airport is being promoted as an altenative gateway to the highly-congested Ninoy Aquino International Airport.
Interested parties were given until Dec. 5 to submit their bid documents while the notice of award to the winning bidder has been set on Dec. 15, 2017.