FIL­IN­VEST, JG SUM­MIT COM­MIT P839B FOR CLARK AIR­PORT DE­VEL­OP­MENT

Sun.Star Cebu - - BUSINESS -

Fil­in­vest De­vel­op­ment Corp. and JG Sum­mit Hold­ings Inc. An­nounced that they have sub­mit­ted an un­so­licited pro­posal to the Bases Con­ver­sion and De­vel­op­ment Au­thor­ity (BCDA) and the Depart­ment of Trans­porta­tion (DOTr) for the long-term de­vel­op­ment of the Clark International Air­port through a joint ven­ture agree­ment. The con­sor­tium has ap­pointed Changi Air­ports International (CAI) as their tech­ni­cal part­ner. The con­sor­tium has com­mit­ted to in­vest P839 bil­lion for the long-term de­vel­op­ment of the Clark International Air­port.

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