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Thursday, September 23, 2004
FedEx signs agreement with Clark
CLARK -- Federal Express Corporation (FedEx), the world's largest express transportation company, has formally signed an agreement with the Clark Development Corporation (CDC) and the Clark International Airport Corporation (Ciac) to earmark a parcel of land for future expansion project inside Diosdado Macapagal International Airport (DMIA).
The Memorandum of Agreement (MOA) calls for the reservation of about 16 hectares of land inside the aviation complex of DMIA. It was signed by CDC President Emmanuel Y. Angeles, Ciac President Adelberto F. Yap, and FedEx Vice President Dennice A. Wilson. This is in preparation for the establishment of an expanded hub in the Philippines.
Angeles said the contract with FedEx is an indication that Clark is becoming one of the vital airport facilities in the country because of its strategic location in Asia and the rest of the world.
He also said the reasons that prompted FedEx to sign the agreement, aside from the strategic location of DMIA, are the vastness of Clark's aviation complex and the availability of support facilities.
Angeles added that the improvement of the North Luzon Expressway, the soon-to-be constructed Subic-Clark-Tarlac Tollroad and the proposed mass railway transit system between Clark and Metro Manila were considered by FedEx in moving to Clark.
FedEx-Asia Pacific Division President David L. Cunningham said that the signing of agreement was sought because of the potential of Clark as one of the potential hub locations in Asia.
FedEx has maintained its Asia Pacific hub at Subic Bay Freeport Zone since 1995 and has recently extended its lease agreement with Subic Bay Metropolitan Authority (SBMA) up to 2010. The Subic Bay facility is the largest air express hub in the region and represents one of the firm's most important investments in Asia.
Angeles said the airport can handle international commercial flights and its two parallel 3.2 runways can accommodate even the largest aircraft such as Boeing 747s, Airbus 300 series and military cargo planes like the C-5 Galaxy.
The DMIA has also four parallel and nine connecting taxiways, wide ramp areas and apron facilities with world class standard. One of its runways was designed to serve as an alternate landing strip for US Space Shuttles.
(September 23, 2004 issue)
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