Fil­in­vest, JGS tap Changi for Clark pro­posal

Business World - - CORPORATE NEWS - A.B. Fran­cia

FIL­IN­VEST De­vel­op­ment Corp. (FDC) and JG Sum­mit Hold­ings, Inc. (JGS) sub­mit­ted a new un­so­licited pro­posal worth P839 bil­lion to de­velop Clark International Air­port as the coun­try’s sec­ond international gate­way.

In a dis­clo­sure to the stock ex­change on Tues­day, FDC said the con­sor­tium is propos­ing a joint ven­ture for the long-term de­vel­op­ment of Clark air­port with the Bases Con­ver­sion and De­vel­op­ment Au­thor­ity (BCDA) and the Depart­ment of Trans­porta­tion (DoTr).

The Gotianun- Gokongwei con­sor­tium also tapped Sin­ga­pore’s Changi Air­ports International (CAI) as its tech­ni­cal part­ner for the project. CAI, a global avi­a­tion con­sul­tant, is a wholly owned sub­sidiary of Changi Air­port Group which op­er­ates Sin­ga­pore’s main gate­way.

“This 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 ter­mi­nals un­der a joint ven­ture with BCDA,” the con­sor­tium’s state­ment read.

Un­der the pro­posal, FDC-JGS con­sor­tium will also build fu­ture ca­pac­ity aug­men­ta­tion, ex­pand air­port fa­cil­i­ties such as ter­mi­nals and run­ways, along­side op­er­at­ing and main­tain­ing the ex­ist­ing and new pas­sen­ger ter­mi­nals.

The con­sor­tium also of­fered to de­velop, op­er­ate and main­tain Clark air­port’s com­mer­cial as­sets, such as fa­cil­i­ties for gen­eral avi­a­tion, fixed- base oper­a­tions and real es­tate.

In Jan­uary, Fil­in­vest and JG Sum­mit sub­mit­ted to the gov­ern­ment a P186.64- bil­lion un­so­licited pro­posal for the ex­pan­sion of Clark’s pas­sen­ger ter­mi­nal build­ing. The un­so­licited pro­posal had a con­ces­sion pe­riod of 50 years and cov­ers the im­prove­ment of cur­rent fa­cil­i­ties at the Clark International Air­port; ca­pac­ity aug­men­ta­tion in five phases to ac­com­mo­date 36 mil­lion pas­sen­gers an­nu­ally; and oper­a­tions and main­te­nance of the air­port.

How­ever, the DoTr re­jected the un­so­licited pro­pos­als for Clark air­port. In­stead, it opted to build the in­fra­struc­ture, and to bid out the oper­a­tions and main­te­nance con­tract to the pri­vate sec­tor.

The BCDA has al­ready started the bid­ding for the se­lec­tion of the en­gi­neer­ing, pro­cure­ment, and con­struc­tion con­trac­tor for the first phase of ex­pan­sion for Clark air­port. The BCDA ear­lier said 12 lo­cal and for­eign firms bought the bid doc­u­ments, with the dead­line for sub­mis­sion set on Dec. 5. The win­ning bid­der will be an­nounced on Dec. 15.

The bid­ding for the op­er­a­tion and man­age­ment of Clark air­port is also ex­pected to com­mence be­fore the end of the year.

Other firms that have ex­pressed in­ter­est in Clark air­port are Metro Pa­cific In­vest­ments Corp., Me­gaw­ide Con­struc­tion Corp., and MacroAsia Corp.

Clark air­port is seen as an al­ter­na­tive to con­gested Ni­noy Aquino International Air­port (NAIA), which has four ter­mi­nals and two run­ways. NAIA was built to han­dle 30 mil­lion ca­pac­ity, but pas­sen­ger traf­fic hit a to­tal of 39.5 mil­lion in 2016.

With the con­struc­tion of a new pas­sen­ger ter­mi­nal, Clark air­port is set to ac­com­mo­date 12.2 mil­lion pas­sen­gers an­nu­ally, up by 8 mil­lion from its cur­rent ca­pac­ity of 4.2 mil­lion pas­sen­gers.

The BCDA’s long-term vi­sion is for Clark air­port to han­dle 80 mil­lion pas­sen­gers ev­ery year, once the fourth phase of the air­port’s ex­pan­sion is com­pleted. —

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