Filinvest, JG Summit tap Changi in offer to develop Clark Airport

ABS-CBN News

Posted at Nov 14 2017 03:25 PM | Updated as of Nov 14 2017 03:54 PM

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MANILA - Filinvest Development Corp said Tuesday it partnered with JG Summit Holdings to submit an unsolicited proposal for the long-term development of Clark International Airport.

The joint venture appointed Singapore's Changi Airports International as technical partner and committed P839 billion for the project, Filinvest told the stock exchange.

Filinvest said this proposal was different from an earlier pitch from the same joint venture because it did not include the construction of a second terminal building.

The joint venture proposed to "build future capacity augmentation, expand airport facilities including terminals and runways, among others, as well as operate and maintain the existing and new passenger terminals," Filinvest said.

The consortium also offered to develop, operate and maintain commercial assets of Clark International Airport, including fixed-base operations and real estate.