MANILA, Philippines - President Aquino has signed an executive order transferring supervision over the Clark International Airport Corp. (CIAC) from the Office of the President to the Department of Transportation and Communications (DOTC).
According to Executive Order 64, the transfer will enable the DOTC to "effectively oversee and monitor the development" of the Clark Civil Aviation Complex (CCA), which is "envisioned to be the Philippines' premier international airport."
The DOTC is the main agency in charge of developing a reliable transport network in the country.
Meanwhile, the EO also ordered the Bases Conversion and Development Authority to transfer and convey immediately to the national government all the shares of stock of CIAC.
The move will allow the national government "to own and hold all such shares of stock as the registered stockholder of record and deliver all the shares in its name to the Secretary of Transportation and Communications on behalf of the Republic of the Philippines…"