On Friday, the group of listed builders Megawide Development Corp. and Bangalore-based airport operator GMR Infrastructure Ltd. formally handed over the new Clark International Airport passenger terminal building to the government.
As Megawide Assistant Vice President Robert Jason Torres said in a statement on behalf of the company’s Chairman and Chief Executive Officer, Edgar B. Saavedra, during the event, “This handover arrives at precisely the right moment because our nation wants infrastructure programs to help restart our economy in the wake of the pandemic.”
“We have seen first-hand the inclusive economic benefits of the Mactan-Cebu International Airport growth in Cebu; now, with the completion of the new Clark International Airport terminal at hand, Pampanga and Central Luzon will look forward to unlocking new possibilities in tourism, industry and more,” he said.
The Luzon International Premier Airport Construction (LIPAD) Corp. will handle and operate the airport passenger building in cooperation with the Department of Transportation (DoTr) and the Bases Conversion and Development Authority (BCDA).
LIPAD is the Clark International Airport operator
After presenting the lowest financial bid of P9,36 billion, or around 25 percent lower than the P12,55-billion auction ceiling, Megawide-GMR earned the 2017 construction contract for the new terminal building. The consortium defeated four other contenders, including Sinohydro Corp. Ltd. (P10.68 billion), China Harbor Engineering Co. Ltd. (P11.73 billion), Chinese State Building Engineering Corp. Ltd. (P12.3 billion) and the consortium of Tokwing Building Corp. and China Machinery Engineering Corp. (P12.45 billion).
The modern passenger terminal will be able to handle over six million passengers in the first year and is projected to hit 12.2 million in the first year.
The expansion project was finished in September of last year.
Bi Yong Chungunco, Chief Executive Officer of LIPAD, said that the old passenger terminal building might be turned into a vaccine center.
Clark International Airport has long been identified as an alternate gateway to Ninoy Aquino International Airport, which accommodated more than 39.5 million passengers in 2016, far over its 30.5 million passenger capacity.