Limited Time Offer: Save PHP1,000 On HONOR 90 Lite 5G + Free Bluetooth Speaker!

The HONOR 90 Lite 5G is now available at a discounted price – it's the perfect time to upgrade your phone!

Elevate AIDA: Empowering Women With Digital Skills Training

Elevate AIDA, Aboitiz, and Connected Women are teaming up to empower women through tools and training for meaningful employment.

The World’s No. 1 AI Camera Phone: HONOR Magic6 Pro Is Confirmed To Arrive In PH!

Experience magic this May with the multi-awarded HONOR Magic6 Pro, an AI camera phone with 5 DXOMARK Top 1 Labels!

Tala, Maya Bank Announce Loan Channeling Partnership Towards Financial Inclusion In PH

Tala, the first fintech company for the Global Majority, announced its team-up with Maya Bank, a digital bank leader in the Philippines! This partnership aims to close the financial gap for Filipinos by channeling PHP 2.75 billion through digital platforms for better credit access.

BCDA: LIPAD Takeover Of Clark Airport, Favorable To Gov’t

6

BCDA: LIPAD Takeover Of Clark Airport, Favorable To Gov’t

6

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Bases Conversion and Development Authority (BCDA) on Thursday defended the recent takeover of the operations and maintenance (O&M) of the Clark International Airport (CRK) by a private concessionaire as “favorable” to the government.

In a statement, the BCDA said its concession agreement with the Luzon International Premier Airport Development (LIPAD), the new O&M provider of the existing and new passenger terminals of the CRK, includes an 18.25-percent revenue share and a PHP500-million yearly lumpsum payment for 20 years to the BCDA as the government’s implementing agency.

On the termination/transfer date of the concession agreement, it said the commercial assets developed by LIPAD will also be transferred to the BCDA.

“Thus, the terms and conditions of the O&M are favorable to the government, especially now that the country is dealing with the impact of the coronavirus disease 2019 (Covid-19) on the economy,” the BCDA said.

This, after former BCDA director Max Sangil, in a column on Sunstar Pampanga earlier this week, questioned the takeover by Gotianun-led consortium LIPAD after the CRK achieved financial viability.

The BCDA said it was “natural” to bid out the O&M of the CRK when it was viable to attract more bidders and thus, “result in higher bids.”

“The project was approved by the National Economic and Development Authority (NEDA), and the concession agreement is aboveboard,” the BCDA said.

Oversight of CRK, in the hands of DOTr

In response to Sangil’s claim that the oversight function of the Clark International Airport Corporation (CIAC) was removed by the concession agreement, it said the Department of Transportation (DOTr) and its attached agencies remain responsible to provide oversight for the CRK.

“Let it be clear that the safety, security, and oversight functions shall not be waived by the government. Safety will be handled by CAAP (Civil Aviation Authority of the Philippines), while security will be handled by OTS (Office for Transportation Security),” the BCDA said. (PNA)