Clark Airport Begins Terminal Expansion

Manila Bulletin
February 24, 2012

Clark International Airport Corporation (CIAC) has secured a P1-billion loan from the Land Bank of the Philippines (LBP) to fiance the Phase II expansion of the passenger terminal and other support facilities at the Clark International Airport (CIA).

  CIAC President and CEO Victor Jose I. Luciano and LBP President and CEO Gilda Pico led the signing of the P1-billion loan at the Land Bank of the Philippines main office in Malate, Manila.

  "The Land Bank and CIAC have strengthened (their) partnership and we continue to support CIAC's vision for the development of Clark Airport as the premier gateway of the country," Pico stressed. She said "this will contribute in the government's national development which will benefit the whole country by making Clark Airport as the premier gateway."

  "Rest assured that we at land bank will continue to support the plans and programs of ciac," Pico added.

  For his part, Luciano said "this manifests the continued support and confidence of land bank by granting us a loan facility for the expansion of our Passenger Terminal at Clark Airport."

  Luciano also disclosed the slated domestic operations of air Asia Philippines on March 28 and Airphil Express on March 29, 2012.

  "In January alone this year, there have been a 37 percent growth of our international flights at the airport, and we expect this to further grow due to the slated domestic flights," he added.

  Air Asia will commence Clark-Davao and Clark-Kalibo domestic flights and Airphil Express will start Clark-Davao, Clark-Kalibo, Clark-Cebu and Clark Puerto Prinsesa

  The P1-billion loan will be used for the expansion of the Phase II of the Passenger Terminal of the Clark International Airport to meet the demands of passenger growth due to the increase of international and domestic flights this year.

  Luciano said that CIAC is slated to start on March 5,2012 the bidding of the Phase II Expansion of the P360 million Passenger Terminal that would further accommodate the growth numbers of passengers at the airport.

  The loan will also be used for the improvement other support infrastructure facilities such as the navigational equipments which are vital for the operations of the airport and the remaining funds would be utilized for CIAC's working capital.