The Department of Transportation (DOTr) signed an agreement with the Bases Conversion and Development Authority (BCDA) that will push for the advancement of the air transport and logistics services industry at the Clark International Airport (CRK)
Transportation Secretary Giovanni Lopez said the agreement is crucial to ‘promote the country’s aviation and aerospace sectors, benefitting passengers and the economy.’
Under the agreement, the DOTr and BCDA, along with the CRK’s private operator, Luzon International Premiere Airport Development (LIPAD) Corp., will establish a location for the industrial, manufacturing, transport (IMT) business and related services at the airport.
The deal will likewise study and explore the feasibility of implementing incentive programs to attract and establish IMT businesses and related services, which, according to Lopez, will drive and attract tourism and spur economic activity in the region.
‘This will foster market access and opportunities in Central Luzon. But more than anything, there will be new economic activities because of the IMT,’ Lopez said in a statement.
BCDA president Joshua Bingcang echoed Lopez’s sentiment, stating that the agreement will ‘bring in more manufacturing activity and more transport enterprises linked to Clark International Airport. It also means a bigger economic contribution from Clark.’