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The Department of Transportation and Bases Conversion and Development Authority signed an agreement on December 4 to set up a dedicated area inside the Clark International Airport for industrial, manufacturing, and transport businesses and related services
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The development is aligned with advancing the country’s air transport, aviation and aerospace sectors, and logistics services industry
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DOTr and Clark will work with the airport’s operator, Luzon International Premiere Airport Development Corp., on the plan as well as local governments and other national government agencies
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They will also look into possible incentive programs to attract and establish IMT businesses
The Department of Transportation (DOTr) and Bases Conversion and Development Authority (BCDA) signed an agreement on December 4 to set up a dedicated area inside the Clark International Airport for industrial, manufacturing, and transport (IMT) businesses and related services.
“This will foster market access and opportunities in Central Luzon. But more than anything, there will be new economic activities because of the IMT,” Transport Secretary Giovanni Lopez said during the agreement signing.
The development of an IMT area in Clark is aligned with advancing the country’s air transport, aviation and aerospace sectors, and logistics services industry.
READ: Clark pitched as investment hub for aerospace sector
“This will bring in more manufacturing activity and more transport enterprises linked to Clark International Airport. It also means a bigger economic contribution from Clark,” said Engr. Joshua Bingcang, BCDA president and CEO.
Under the memorandum of understanding signed by the two agencies, BCDA is tasked to ensure that “the right infrastructure is in place so the airport can expand, and logistics and transport firms can operate here with ease,” Bingcang said.
DOTr and BCDA will also be working with Clark International Airport’s private operator, Luzon International Premiere Airport Development (LIPAD) Corp., on the development plan. They will also be coordinating with national government agencies, local government units, and government-owned and controlled corproations to support development activities.
The agreement also covers a study on the feasibility of implementing incentive programs to attract and establish IMT businesses and related services.
Lopez said the establishment of the IMT will drive and attract tourism and spur economic activity in the region to support President Marcos Jr.’s 2023-2028 Philippine Development Plan.
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